The government has decided to terminate the memorandum with the investment fund Gemcorp for the construction of a battery park in Bulgaria, outgoing Prime Minister Kiril Petkov said for bTV. This would not entail payments for Bulgaria, Kiril Petkov added.
The offshore company Gemcorp Capital Management was founded by Atanas Bostandzhiev. Before founding Gemcorp, Bostandzhiev was CEO of VTB Capital, the British-based arm of Russia’s second-biggest bank VTB. According to western media, Gemcorp is connected to the Kremlin.
MP Desislava Trifonova asked in parliament “who actually brought the company to Bulgaria”. MP Trifonova also asked “why Bulgaria’s outgoing Premier had lied that he had ordered a counterintelligence probe into the firm and why he had lied that the company was recommended by the Unites States Embassy in Sofia and the British Embassy Sofia”.
“I call on all representatives of the Movement for Rights and Freedoms in local government — mayors and municipal councilors — to ensure security and predictability for the people and to take the necessary steps to keep all local taxes and fees..
Bulgaria has climbed to 11th place in this year’s Digital Quality of Life 2025 (DQL) index published by Surfshark, up from 18th last year, BTA reported. The index evaluates countries’ digital well-being across five dimensions: fixed broadband..
Around 90% of the antiques seized during an international operation targeting a cultural property trafficking network will be returned to Bulgaria, Deputy Minister of Culture Todor Chobanov told “Nova TV”. “This is an unprecedented operation in..
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