Podcast in English
Text size
Bulgarian National Radio © 2024 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

A shortage of electricity is expected at the beginning of next year

According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a thematic conference organized by the Center for the Study of Democracy in Sofia, Delyan Dobrev from..

published on 11/21/24 6:09 PM

Vice President Iliana Iotova: "Because of the changes in the Constitution, MPs are unable to elect Parliamentary Speaker"

Vice President Iliana Iotova pointed out that the changed texts in the Constitution have turned against their creators.  Yotova told journalists that "because of these changes in the Constitution, the Speaker of the National Assembly cannot be..

published on 11/21/24 4:45 PM

Bulgaria is among the first in the EU in new car registrations

New car sales in Bulgaria in October increased three times more than the average for the European Union , where the purchase of new cars is only 1.1%.  According to the Association of European Automobile Manufacturers, 75.9% of cars registered in..

published on 11/21/24 3:45 PM