The new strategy of the Bulgarian Development Bank will turn it into a real encouragement bank
![The new strategy of the Bulgarian Development Bank will turn it into a real encouragement bank](https://bnt.bg/f/news/b/329/78402c499c05cd67153fc18e5ec387a4.webp)
The new strategy of the Bulgarian Development Bank will turn it into a real encouragement bank, caretaker Minister of Innovation and Growth Rosen Karadimov explained on May 15. The Bank will have a qualitatively new function in the public social and economic spheres of the country.
In the new three-year strategy of the Bulgarian Development Bank, it is not only to support small and medium-sized businesses, but also in a wide range of public spheres.
Rosen Karadimov, caretaker Minister of Innovation and Growth: "This project we are discussing is the beginning of the transformation of the Bank as a real encouragement bank, as most of the developed countries have and use such market instruments effectively."
The bank could be a partner in projects in the energy sector, including retrofitting of buildings, electricity price liberalisation, healthcare, social infrastructure, transport, communications and the development of the military-industrial complex.
"The BDB, besides supporting small and medium-sized businesses, which is the function it has so far by law, has two more functions - support of the public policies of the state and overcoming regional imbalances," he said.
A total of seven ministries are involved in the development of the strategy, together with employers' organisations, trade unions and the association of municipalities.