An open court hearing is scheduled for December 13 over the bankruptcy case of Corporate Commercial Bank. The indictment filed by the Specialized Prosecutor's Office on July 20th is over 5,000 pages. More than 400 witnesses have been questioned and the volume of evidence gathered is huge.
The main shareholder of the bank Tsvetan Vassilev and 17 other bankers and financiers are accused of draining over 1.25 billion euro. Vassilev has been hiding from the Bulgarian authorities and is wanted by Interpol as a procedure for his extradition is currently underway. The court could still decide that the trial continues in his absence.
Head of the Specialized Prosecutor's Office Ivan Geshev commented that it could be said that the CCB case is the biggest financial fraud and corruption scheme in the new Bulgarian history.
Bulgarian investigative journalist Christo Grozev was honored as European Journalist of the Year at the official ceremony of the PRIX EUROPA festival in Berlin. Bulgarian investigative journalist Christo Grozev named European Journalist of the..
From 13 October until 28 November, the Bulgarian Red Cross will hand out products, purchased by the Social Assistance Agency, to vulnerable citizens, the press centre of the organization has announced. The initiative is part of the “Food and basic..
An amateur marathon under the motto "Let's Outrun Dementia" will be held at 9 am in Sofia's South Park on October 11 . The initiative is by the civil association "Alzheimer Bulgaria" and aims to encourage active living as a prevention against..
The European Commission will provide around €50 million from the EU agricultural reserve to fruit, nut and vegetable producers in Bulgaria, Latvia,..
The fight against the grey sector is directly connected with restricting labour exploitation and with human rights protection, said Minister of Labour..
In Saturday an atmospheric disturbance will sweep across the country. Minimum temperatures will reach 8-13° C., for Sofia 10° C. After the..
Cloudy
Overcast, rain
Mostly Cloudy
Partly cloudy, chance of rain