📋 Tender Overview
The new composition of the BBR Supervisory Board gathers significant professional and international experience from the financial and banking sector. The BBR will be a key instrument in the states new economic policy to support business, investments and Bulgarian producers.This was stated by the Minister of Economy, Investments and Industry Alexander Pulev at the presentation of the three new members of the Supervisory Board of the Bulgarian Development Bank (BDB) - Daniel Berg, Ivan Kutlov and Ivan Raichkov.Delyana Ivanova will continue to perform the role of Chairman of the Supervisory Board.The BDB will be at the center of the states economic policy. We have made a number of structural reforms and we now have a clear center of responsibility for attracting and directing investments. The Bulgarian Development Bank will be a critical instrument in this direction, said Minister Pulev.Alexander Pulev pointed out that the BBR will be optimized as a business support tool and the creation of new financial products along the entire value added chain is pending.Focus will be placed on small and medium-sized enterprises, Bulgarian manufacturers, processing industry, strategic investments, municipalities and regions.We start along the entire value-added chain - from production and agriculture, through processing, to strategic investments in sectors with high added value, said Pulev.Special emphasis will be placed on support for Bulgarian producers.The goal is to create conditions for Bulgarian production to occupy a stronger position in supply chains and on the market through competitive financial products.He announced that an increase in the BBRs capital is also forthcoming.According to Minister Pulev, it will be implemented on a completely market-based basis and will be budget-neutral, without financing through the state budget.We have a capital increase plan of more than 1 billion euros, which I think is entirely realistic. We have already held talks with various financial institutions and foreign development banks, which are evaluating the direction in which the bank is developing, said Alexander Pulev.He emphasized that the attracted resource will enable the BDB to increase its capacity to support businesses and structure new financial instruments.Depending on the capital we attract, we will be able to create different forms of support for business, investments, small and medium-sized enterprises and Bulgarian producers, said the minister.According to him, the state will retain its management role as a shareholder in the bank.It is planned to attract long-term financing from international financial institutions and other investors under competitive market conditions.The goal is to optimize the capital structure of BBR and to provide a more competitive resource for crediting Bulgarian businesses.Minister Pulev also emphasized the role of BDB in structuring public-private partnerships and mobilizing private capital.We will work actively on mobilizing private capital in the context of public-private partnerships. We are there in the final right to structure quality legislation, he stated.This is also in sync with the recently signed memorandum of cooperation between the Ministry of Economy, Investments and Industry and the European Bank for Reconstruction and Development to create a mechanism for the preparation and structuring of public-private partnerships.I expect the BBR to be very active in structuring these processes and in the modernization of the infrastructure in Bulgaria, the minister pointed out.During the presentation of the new composition of the Supervisory Board, Minister Pulev emphasized the professional and international experience of the three new members.In its role of supporting the economic policies of the Bulgarian government, the BDB will do what is necessary to realize the priorities of attracting strategic investments in the country to ensure growth and jobs, said the chairman of the Supervisory Board of the BDB, Delyana Ivanova.Daniel Berg has over 35 years of professional experience, more than two decades of which at the European Bank for Reconstruction and Development, including responsibilities for Bulgaria.He has extensive experience in managing investment portfolios in the public and private sectors.Ivan Kutlov has over three decades of professional experience, including in senior positions at UBB.His expertise covers financial control, capital markets and investment banking.Ivan Raichkov has over 30 years of professional experience, of which more than 26 years in the financial sector.His expertise is related to banking operations, risk management and payment infrastructure.This is a team with professional experience, an international perspective and a clear task - to make the BBR an even stronger instrument for investments, business development and mobilization of private capital in Bulgaria, said Minister Alexander Pulev.
