Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Three businessmen accused of misappropriating EUR 76,000 through credit

Photo: BGNES

The businessman Rumen Gaitanski nicknamed the Wolf, Ivan Georgiev, a representative of Roadway Construction - Gaitanski's company, and the former head of the Bulgarian Development Bank, Stoyan Mavrodiev (2017-2020), are accused of an unsecured loan of BGN 150 million granted by the Bulgarian Development Bank to Roadway Construction in 2019, the prosecutor's office said. Mavrodiev and Gaitanski were charged in absentia, and the representative of Roadway Construction was detained for 24 hours. 
The case was initiated following a signal submitted in October 2022. Out of the BGN 150 million loan granted, the bank can collect no more than BGN 5 million /€2.5 million/, Tsanko Arabadzhiev, the executive director of the financial institution, told BNT.

He pointed out that as early as 2021, the Bulgarian Development Bank had already submitted signals to the competent authorities regarding the loan.

Gaitanski's nickname comes from the name of one of his companies. For many years, through his companies "Wolf 96", "Ditz" and "Cleaning Sofia", Gaitanski was practically a monopoly in the cleaning of Sofia.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Folklore Ensemble "Otets Paissii" from Pittsburgh receives the honorary badge of the President

A festive concert of the Otets Paissii Performing Folk Ensemble will be held in Nessebar today, as the ensemble celebrates 70 years since its establishment. The formation is the oldest Bulgarian folklore ensemble in the USA at the..

published on 6/21/25 10:15 AM

Midsummer's Day celebrated with torches and herbal wreaths in village of Delchevo

The village of Delchevo is restoring the tradition of celebrating Midsummer's Day with a two-day program on June 21 and 22, the Gotse Delchev municipality announced.  The events will begin on June 21 at 5:00 p.m. with a procession..

published on 6/21/25 5:10 AM

Astronomical summer comes with slight decrease in temperatures

On Saturday , the lowest temperatures will be between 11 to 18°C. In Sofia – about 11°C. Sunny weather will prevail during the day. Before noon, there will be significant cloudiness over the central parts of Northern Bulgaria and..

published on 6/20/25 7:35 PM