The State Agency for National Security is searching the offices of Kintex state-owned company and is confiscating company documents pertaining to payments in foreign currency. This was announced on Facebook by Alexander Mihailov, former director of the arms trading company Kintex.
“This is happening hours after I disclosed the scheme for siphoning money from the state-run company which Kornelia Ninova’s people activated a few days ago. Under this scheme, more than 800,000 Leva (EUR 409,000) have been paid out, since the beginning of the week, to an offshore company – a dummy intermediary. I was fired three months ago because I refused to get involved in these schemes,” Alexander Mihailov comments.
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
The nominated person for special manager for the four companies of "Lukoil Bulgaria" is Rumen Spetsov, Minister of Economy, Petar Dilov, said. "He meets all legal requirements", Dilov added. The decision was discussed at the Security..
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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