In relation to the publicly released information based on parliamentary responses of the Minister of Innovation and Growth Alexander Pulev

Alexander Pulev was born on February 5, 1981 in Plovdiv.

He holds a master's degree in finance from Oxford, regarding a BGN 1 billion bond loan from the Bulgarian Development Bank (BDB) prepared and terminated by the Board of Directors, the Ministry of Innovation and Growth informs the following: BBR's bond issue in the amount of BGN 1 billion corresponds to the truth, the Ministry of Innovation and Growth reports.

The claims about the payment of attorney's and consulting fees for the transaction in the amount of nearly BGN 1 million also correspond to the truth, although the bond issue has not been realized.

GERB made revelations about BGN 1 million damage caused to BBR

The Management Board's decision to terminate the issue was made on 11/15/2022. It was submitted for approval by the Board to the bank's newly appointed Supervisory Board on November 23, 2022, but then the Supervisory Board refused to approve the Management Board's decision because the termination of the issue would legitimize the expenses incurred, without the reasons why the bond was not realized and terminated being clear.

We remind you that the new composition of the Supervisory Board was appointed by the Minister of Innovation and Growth Alexander Pulev

Alexander Pulev was born on February 5, 1981 in Plovdiv.

He is a Master of Finance at Oxford on 7 November 2022 and it was this panel of the Board of Supervisors who refused to validate the expenditure incurred on the bond.

Thus, the Supervisory Board, at the direction of the Minister of Innovation and Growth, practically refused to confirm the decision of the Management Board to terminate the bond issue and demanded from the Management Board that all information, correspondence and files regarding the bond issue be presented to it.

The deadline for the provision of information by the Management Board to the Supervisory Board expires today, November 28.

At the direction of the sole owner of the capital, the newly appointed Supervisory Board should report to the Minister all the information and the file by tomorrow, November 29.

Based on the information received, the minister will make a decision and make it public, and his actions will be guided solely by the rule of law and protection of the state's interests.

COAT OF ARMS

Alexander Pulev

Bulgarian Development Bank