The specialized criminal court has acquitted businessman Ivo Prokopiev, former finance minister Simeon Djankov and economy minister Traicho Traikov. They were accused of causing the state damages of millions of euros during the sale of a 33% state-owned stake in electricity distribution company EVN.
In December 2011, the achieved average price per share of EVN Bulgaria Elektrorazpredelenie was EUR 835, which is 18.8% above the minimum price. Through the stock exchange transaction, the shares were sold for EUR 47.55 million with an initial evaluation of EUR 39.88 million. According to the prosecution, the assessment was manipulated and the actual market price of the shares was 909 euros per share.
Bulgarian intermediaries have been identified as some of the links in an investigation into an international scheme for laundering Russian money. BGNES cites data from Intelligence Online according to which two Bulgarian brokerage companies..
From today until December 21, Sofia’s City Garden is hosting the traditional German Christmas Market. The 15th edition of the market features food stalls, fragrant mulled wine, and cultural events, including concerts by young performers and..
Illegal recruitment agencies in Uzbekistan are sending workers to Bulgaria with promises of salaries of 5,000 leva (€2,560) . The reality often discourages them from staying, leaving employers at a loss. Officials, employer organisations and businesses..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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