Delyana Ivanova: The Bulgarian Development Bank supports companies in entering international markets
The Bulgarian Development Bank (BDB) supports Bulgarian companies with ambitions for international expansion, including entry into the strategic U.S. market.
The Bulgarian Development Bank (BDB) supports Bulgarian companies with ambitions for international expansion, including entry into the strategic U.S. market. This is part of the state bank’s role, in line with its legal mandate to promote the growth and competitiveness of Bulgarian enterprises.
This was stated by the Chair of BDB’s Supervisory Board, Delyana Ivanova, during the international conference Explore U.S..
“As a state-owned bank, BDB does not compete with commercial banks. We support businesses where there are financing gaps - both at a regional level and through backing public policies aimed at addressing regional disparities. These are well-developed направления in the bank’s activities. Among the areas with potential for expansion are export support and facilitating the internationalization of Bulgarian companies,” Ivanova said.
She emphasized that BDB offers specialized export financing programmes for Bulgarian enterprises and already has successful examples across various sectors, with significant potential for further development. Regarding the international expansion of Bulgarian companies, the bank provides both investment and working capital financing tailored to the specific needs of businesses. Ivanova encouraged companies seeking global growth to take advantage of partnership opportunities with the bank.
The Explore U.S. forum is organized by the Bulgarian Small and Medium Enterprises Promotion Agency and the American Chamber of Commerce in Bulgaria. The event was opened by the Minister of Innovation and Growth Irena Mladenova, Deputy Minister of Economy and Industry Krasimir Piperkov, Executive Director of the SME Promotion Agency Boyko Takov, CEO of the American Chamber of Commerce in Bulgaria Ivan Mihaylov, and Chargé d’Affaires at the U.S. Embassy in Bulgaria Martin McDowell.