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"We continue the change

Kiril Petkov and Asen Vassilev presented their political project "We are continuing the change"" is watching with concern the actions of the caretaker government to restore old models of management of GERB, reported the press center of the PP.

The latter is related to the signal that Bulgarian small and medium-sized businesses receive from the intentions of Acting Minister Pulev to change the composition of the BBR Supervisory Board and a series of his false suggestions that the bank is not functioning efficiently.

We have at least 9 arguments against the caretaker government's actions that can bring the GERB model back to the bank:

- Kiril Petkov, still as acting Minister of the Economy, announced that 8 companies received nearly BGN 1 billion from the state bank in the form of large loans, with over BGN 500 million going to companies associated with the Delyan DPS MP Peevski.

The rest were given to Rumen Gaitanski – Valka and others.

- The unserviced loan of BGN 150 million granted by the former BBR director Stoyan Mavrodiev was given to the prosecutor's office.

The non-fulfillment of the loan damages the state by 9.5 million BGN.

- Since the beginning of 2022, BBR has directly supported over 90 new small and medium-sized enterprises, with subsidiaries their number exceeds 250. For comparison, for the previous 4.5 years, the total number of new borrowers at the bank was 64. Contrary to the suggestions made, the trust in small and medium-sized businesses in the BBR has been restored.

Thanks to the actions of the Change, you no longer need to know a person at BBR to get a loan.

- The minister of service may want to write a weak 2 to BBR, but the authority of the international credit agency Fitch says exactly the opposite: BBR has defended a positive rating of BBB, which is the highest possible rating for a bank. 

Fitch affirmed BBR's 'BBB' rating with a positive outlook

- During the management of PP, BBR made a profit of BGN 20 million for the first quarter, compared with a loss of BGN 5 million for the same period in 2021.

- An updated strategy of the Bank for the period 2021-2023 was adopted. It is focused on returning the bank to its mission of supporting micro, small and medium-sized businesses and includes a financing limit of up to BGN 5 million.

- Is the suggestion that BBR is not doing well a step towards restoring the old management model of GERB and Stoyan Mavrodiev?

With the suspension of the BBR reforms introduced by the Petkov cabinet, the circle of friends of the old model can creep in again.

- This is another attempt by the caretaker government to cancel reforms started by "We continue the change

Kiril Petkov and Asen Vassilev presented their political project "We continue the change", with the danger of returning to old GERB schemes.

- BBR has been a piggy bank of the club for Borisov's interests for too long.

The change stopped the uncontrolled distribution of huge loans with unclear guarantees by the BDB in favor of clients and projects with an overt political backing.

We must not allow corruption schemes to take control of the state again.

So the choice on October 2nd is to go back or continue the change!

We continue the change