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

Weather forecast: The clouds and rain continue, no rain in the Southwest

On Thursday minimum temperatures will range between 6 and 11° C., for Sofia around 8° C. During the day the weather will continue cloudy and rainy. The rain will be more significant in Eastern Bulgaria, and in the afternoon – in Central Bulgaria...

published on 11/5/25 6:35 PM
Deputy PM Tomislav Donchev

European Commission withholds payment under recovery and resilience plan over failure to implement anti-corruption reforms

The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the Bulgarian National Radio. The country is to receive EUR 439 million. EU may cut money for..

published on 11/5/25 4:39 PM

Parliament sets up ad-hoc committee to investigate Soros’ activities in Bulgaria

With 111 votes for, 51 against and 43 abstained, the National Assembly approved the establishment of an ad-hoc committee to investigate the activities of George Soros and his son Alexander Soros and their foundations in this country financing..

published on 11/5/25 3:15 PM