An offshore company with an account in Piraeus Bank paid USD 31 million to another offshore company with an account in the State-controlled Bulgarian Development Bank (BDB). The first offshore …
Investigations
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InvestigationsLeading
FinCEN Files: State-controlled Bulgarian Bank Processes Transactions Linked to Gangsters and Arms Trafficking for Islamic State
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DFZInvestigationsLeading
Part I
Small Town ‘Gerbonomics” – Relatives, Nepotism and Syphoning of EU Funds
An interesting business network intertwining family and party connections has been woven in Bulgaria’s historical town of Kotel. Relatives of Mayor Kosta Karanashev and municipal officials of the ruling party …
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DoganserailInvestigationsLeading
Bulgarian Coast around Dogan Seraglio Illegally Buried under Concrete and then Built-up
An on-location inspection by Bivol found that concrete had been poured on the coastline on the northern side of Cape Chukalyata in Rosenets Park near the Black Sea city of …
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Article 18 of the Bulgarian Constitution and Article 12 of the Waterс Act stipulate that the seabed is а public state property and the State has sovereign rights. However, at …
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Colombian billionaire Alex Saab is the alleged owner of the frozen in Bulgaria Venezuelan assets. Saab was detained in June in Cape Verde on an international arrest warrant from the …
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InvestigationsLeading
Bulgaria’s Competition Watchdog Allows Purchase of Bank Shares at above Market Price
The Bulgarian Commission for Protection of Competition (CPC) failed to discover any evidence of a monopoly in the acquisition of part of the capital of First Investment Bank (FIB) by …
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Sofia Airport has fired a “disloyal to the government” employee for commenting on the resignation of Prime Minister (PM) Boyko Borisov, which thousands of protestors in Bulgaria are demanding for …
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InvestigationsLeading
Shell Company Associated with Controversial Bulgarian Lawmaker Buys Office Building in Thessaloniki for EUR 4m
Bulgarian company Advance Creative Group was established in September 2018. It paid EUR 4 million in December 2018 for an office building on the prestigious “Ionos Dragumi” street in Thessaloniki. …
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An outrageous document signed by Atije Alieva-Veli, the former long-time Deputy Director of the State Fund Agriculture (SFA), the body in charge of distributing European Union (EU) funds for agriculture, …





