The prosecutor’s office, the anti-corruption commission and the police are conducting searches of property belonging to Rumen Gaitanski, a.k.a. the Wolf in Sofia. In Kardzhali, searches are underway of companies connected with the former mayor Hasan Azis. Investigators are also searching premises connected with the former director of the Bulgarian Development Bank (BDB) Stoyan Mavrodiev, the BNR reports.The investigation is of a EUR 74.3 million loan granted by the BDB, the prosecutor’s office told the Bulgarian news agency BTA. On 9 August, the anti-corruption commission announced there was reasonable suspicion of violations in the granting of the loan by the BDB which has caused significant damage to the state. The credit was granted to the company Roadway Construction which is connected with Rumen Gaitanski. Part of the credit was used to finance the acquisition of Varna thermal power plant by the honorary chairman of the Movement for Rights and Freedoms Ahmed Dogan.
The Ministry of Education and Science and the International Bank for Reconstruction and Development (IBRD), one of the five institutions of the World Bank Group, have signed an agreement on more effective use of information resources in education...
Unused state-owned properties that only generate costs should be sold transparently through open bidding on an electronic platform, Prime Minister Rosen Zhelyazkov said. In this regard, the government has adopted the Programme for Managing State-Owned..
The political party Vazrazhdane is initiating discussions for a third vote of no confidence against the government of Prime Minister Rosen Zhelyazkov, MP Tsontcho Ganev announced. Vazrazhdane has sent invitations to two parliamentary groups – Moral,..
The planned liberalisation of the electricity market for household consumers on 1 July this year will not take place, MPs decided at the first reading of..
Oil products of unknown composition and origin have once again washed up on a large stretch of the Pomorie coastline, in what appears to be a more..
Polish President Andrzej Duda, on an official visit to Bulgaria, discussed with Bulgarian President Rumen Radev Warsaw’s proposal that NATO member..
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