{"id":25958,"date":"2015-02-17T14:57:46","date_gmt":"2015-02-17T14:57:46","guid":{"rendered":"https:\/\/bivol.bg\/?p=25958"},"modified":"2016-10-26T07:51:03","modified_gmt":"2016-10-26T07:51:03","slug":"yulen-scheme-or-bank-drain","status":"publish","type":"post","link":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html","title":{"rendered":"“Yulen” Scheme or Bank Drain?"},"content":{"rendered":"

In a series of documentary investigations (see here<\/a>, here<\/a>, here<\/a> and here<\/a>) Bivol revealed how more than 1.2 billion levs in loans have been granted by private lender First Investment Bank (FIB) to the same individual – Georgios Georgiou from Cyprus. The huge credit billionaire proved to be associated with the major shareholders of the bank \u2013 Tseko Minev and Ivaylo Mutafchiev.<\/p>\n

\"\u0410\u043a\u0446\u0438\u043e\u043d\u0435\u0440\u0438\u0442\u0435<\/a>

\u0410\u043a\u0446\u0438\u043e\u043d\u0435\u0440\u0438\u0442\u0435 \u043d\u0430 \u041f\u0418\u0411 \u043a\u0443\u043f\u0443\u0432\u0430\u0442 \u043e\u0442 \u0413\u0435\u043e\u0440\u0433\u0438\u0443\u0441 \u0413\u0435\u043e\u0440\u0433\u0438\u0443 \u0434\u044f\u043b\u043e\u0432\u0435\u0442\u0435 \u0432 \u043a\u0438\u043f\u044a\u0440\u0441\u043a\u0430 \u0444\u0438\u0440\u043c\u0430, \u043a\u043e\u044f\u0442\u043e \u0441\u044a\u0449\u043e \u0435 \u0430\u043a\u0446\u0438\u043e\u043d\u0435\u0440 \u043d\u0430 \u041f\u0418\u0411<\/p><\/div>\n

Georgios is the final owner of numerous offshore borrower companies. They are not repaying their loans to FIB, but are investing in private projects. For example, Yulen JSC, the company concessionaire of the Bansko ski zone, which is majority-owned by Georgios Georgiou, has received a loan of 77 million levs from FIB. The annual accounts of Yulen indicate that the company does not operate at a profit. How will it repay such large loan?<\/p>\n

\"2-fibank-georgiu-yulen\"<\/a><\/p>\n

Naturally, it will not. Lending to connected parties that do not intend to repay the loans, leaving the damage to be borne by honest depositors is a key feature of banks \u201cbad apples\u201d. That was the pattern of the collapsed Corporate Commercial Bank (CCB), through which 3.8 billion levs were stolen, and taxpayers were burdened with a loan in order to pay the guaranteed deposits. FIB\u2019s scheme is similar.<\/p>\n

The cycle of this pyramidal structure is simple – attracting depositors with unrealistically high interest and bringing together a lot of money in one place; the attracted money is then granted as loans to connected offshore companies which are controlled by the owners of the bank; the loans are not repaid and the bank is facing bankruptcy. From that moment on, either the bank goes bankrupt or it receives State aid, but in both cases the taxpayers foot the bill. In the first case, part of the bill is paid by depositors with more than 100,000 euro in the bank, which is still fairer.<\/p>\n

This scheme is hard to achieve if there are functioning regulators and if the State monitors public interest. The behavior of the State, however, is just the opposite – in favor of the private interest of thieves \u201cbanksters\u201d, who have drained the money of depositors and poured them into their own offshore pockets, and perhaps in someone else’s \u201cinstitutional pockets\u201d? This can be called State Mafia or Mafia State \u2013 the meaning is the same.<\/p>\n

The example with government support for the second ski lift in Bansko is another proof that the State is collaborating, instead of stopping crimes. It was forgotten very quickly that Yulen JSC has already breached the law in invading hundreds of decares in the Pirin National Park over the limits of its concession. Instead of sanctions, Sports Minister Krasen Kralev and Tourism Minister Nikolina Angelkova are now cynically lobbying for Yulen\u2019s interests.<\/p>\n

Let\u2019s return to FIB that gives the money. Bivol\u2019s revelations show that FIB strongly violated restrictions on concentration of loans and lending to connected parties. De facto, the Bank currently has negative equity and BNB is mandated by law to revoke its license. In 2006, former US Ambassador to Sofia, John Beyrle warned that this “bad apple” is \u201cone in the murkier criminal realm\u201d. De jure, however, the State continues to support it, propping a dead body. What is the purpose?<\/p>\n

We presume that the goal is to conceal the plundering before light is shed on the ugly truth about the drain. The aim is for banksters to escape unharmed with what they robbed. The authorization for the second lift does not necessarily mean that such will be built, but it surely means that the price of Yulen will rise.<\/strong> This is the real goal – sell and run.<\/p>\n

The bill for this drain will be paid again by depositors and society. Corruption has been established in the rank of government policy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In a series of documentary investigations (see here, here, here and here) Bivol revealed how more than 1.2 billion levs in loans have been granted by private lender First Investment…<\/p>\n","protected":false},"author":1,"featured_media":24847,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","kia_subtitle":"","_lmt_disableupdate":"","_lmt_disable":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[5544,5806,5828],"tags":[5416,5127,7322,5234,5096],"class_list":["post-25958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comments-en","category-leading-en","category-b-files-bad-apples-en","tag-ceko-minev","tag-corruption-en","tag-fib","tag-fibank","tag-yulen"],"yoast_head":"\n"Yulen" Scheme or Bank Drain? - Bivol!<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Yulen" Scheme or Bank Drain?\" \/>\n<meta property=\"og:description\" content=\"In a series of documentary investigations (see here, here, here and here) Bivol revealed how more than 1.2 billion levs in loans have been granted by private lender First Investment…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html\" \/>\n<meta property=\"og:site_name\" content=\"Bivol!\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bivolnews\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/bivolnews\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-17T14:57:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-10-26T07:51:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1886\" \/>\n\t<meta property=\"og:image:height\" content=\"1320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/bivolbg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html\"},\"author\":{\"name\":\"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en#\\\/schema\\\/person\\\/ad1863f03d50318f746757ba517286a2\"},\"headline\":\"“Yulen” Scheme or Bank Drain?\",\"datePublished\":\"2015-02-17T14:57:46+00:00\",\"dateModified\":\"2016-10-26T07:51:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html\"},\"wordCount\":656,\"image\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bivol.bg\\\/wp-content\\\/uploads\\\/2014\\\/12\\\/peev-ski-buda.jpg\",\"keywords\":[\"Ceko Minev\",\"Corruption\",\"FIB\",\"FIbank\",\"Yulen\"],\"articleSection\":[\"Comments\",\"Leading\",\"The \\\"Bad Apples\\\" Banks\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html\",\"url\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html\",\"name\":\"\\\"Yulen\\\" Scheme or Bank Drain? - Bivol!\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bivol.bg\\\/wp-content\\\/uploads\\\/2014\\\/12\\\/peev-ski-buda.jpg\",\"datePublished\":\"2015-02-17T14:57:46+00:00\",\"dateModified\":\"2016-10-26T07:51:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en#\\\/schema\\\/person\\\/ad1863f03d50318f746757ba517286a2\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#primaryimage\",\"url\":\"https:\\\/\\\/bivol.bg\\\/wp-content\\\/uploads\\\/2014\\\/12\\\/peev-ski-buda.jpg\",\"contentUrl\":\"https:\\\/\\\/bivol.bg\\\/wp-content\\\/uploads\\\/2014\\\/12\\\/peev-ski-buda.jpg\",\"width\":1886,\"height\":1320},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en\\\/yulen-scheme-or-bank-drain.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u041d\u0430\u0447\u0430\u043b\u043e\",\"item\":\"https:\\\/\\\/bivol.bg\\\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"“Yulen” Scheme or Bank Drain?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en#website\",\"url\":\"https:\\\/\\\/bivol.bg\\\/en\",\"name\":\"Bivol!\",\"description\":\" Mind the horns!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/bivol.bg\\\/en?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bivol.bg\\\/en#\\\/schema\\\/person\\\/ad1863f03d50318f746757ba517286a2\",\"name\":\"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g\",\"caption\":\"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a\"},\"description\":\"The BIVOL itself\",\"sameAs\":[\"https:\\\/\\\/bivol.bg\",\"https:\\\/\\\/www.facebook.com\\\/bivolnews\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/bivolbg\"],\"url\":\"https:\\\/\\\/bivol.bg\\\/en\\\/author\\\/bivol\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\"Yulen\" Scheme or Bank Drain? - Bivol!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html","og_locale":"en_US","og_type":"article","og_title":"\"Yulen\" Scheme or Bank Drain?","og_description":"In a series of documentary investigations (see here, here, here and here) Bivol revealed how more than 1.2 billion levs in loans have been granted by private lender First Investment…","og_url":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html","og_site_name":"Bivol!","article_publisher":"https:\/\/www.facebook.com\/bivolnews\/","article_author":"https:\/\/www.facebook.com\/bivolnews\/","article_published_time":"2015-02-17T14:57:46+00:00","article_modified_time":"2016-10-26T07:51:03+00:00","og_image":[{"width":1886,"height":1320,"url":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","type":"image\/jpeg"}],"author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/bivolbg","twitter_misc":{"Written by":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#article","isPartOf":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html"},"author":{"name":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","@id":"https:\/\/bivol.bg\/en#\/schema\/person\/ad1863f03d50318f746757ba517286a2"},"headline":"“Yulen” Scheme or Bank Drain?","datePublished":"2015-02-17T14:57:46+00:00","dateModified":"2016-10-26T07:51:03+00:00","mainEntityOfPage":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html"},"wordCount":656,"image":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#primaryimage"},"thumbnailUrl":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","keywords":["Ceko Minev","Corruption","FIB","FIbank","Yulen"],"articleSection":["Comments","Leading","The \"Bad Apples\" Banks"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html","url":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html","name":"\"Yulen\" Scheme or Bank Drain? - Bivol!","isPartOf":{"@id":"https:\/\/bivol.bg\/en#website"},"primaryImageOfPage":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#primaryimage"},"image":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#primaryimage"},"thumbnailUrl":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","datePublished":"2015-02-17T14:57:46+00:00","dateModified":"2016-10-26T07:51:03+00:00","author":{"@id":"https:\/\/bivol.bg\/en#\/schema\/person\/ad1863f03d50318f746757ba517286a2"},"breadcrumb":{"@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#primaryimage","url":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","contentUrl":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","width":1886,"height":1320},{"@type":"BreadcrumbList","@id":"https:\/\/bivol.bg\/en\/yulen-scheme-or-bank-drain.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u041d\u0430\u0447\u0430\u043b\u043e","item":"https:\/\/bivol.bg\/en"},{"@type":"ListItem","position":2,"name":"“Yulen” Scheme or Bank Drain?"}]},{"@type":"WebSite","@id":"https:\/\/bivol.bg\/en#website","url":"https:\/\/bivol.bg\/en","name":"Bivol!","description":" Mind the horns!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bivol.bg\/en?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bivol.bg\/en#\/schema\/person\/ad1863f03d50318f746757ba517286a2","name":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4e3a6263fb31a1f9d980ef7f7f1e4b9e641dc9b309a53c3e112cc8bb4e679df9?s=96&d=mm&r=g","caption":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a"},"description":"The BIVOL itself","sameAs":["https:\/\/bivol.bg","https:\/\/www.facebook.com\/bivolnews\/","https:\/\/x.com\/https:\/\/twitter.com\/bivolbg"],"url":"https:\/\/bivol.bg\/en\/author\/bivol"}]}},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peFaG8-6KG","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":25221,"url":"https:\/\/bivol.bg\/en\/tseko-minev-and-ivailo-mutafchiev-behind-yulen-vitosha-ski-and-offshore-companies-credited-by-private-lender-fib.html","url_meta":{"origin":25958,"position":0},"title":"Tseko Minev and Ivailo Mutafchiev behind Yulen, Vitosha Ski and Offshore Companies Credited by Private Lender FIB","author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","date":"20 December 2014","format":false,"excerpt":"After the revelation that current and former employees of FIB manage offshore companies, receiving huge loans from the lender, Bivol managed to also unravel the ownership of these companies. One same person, named Georgius Georgiou, is behind YULEN, VITOSHA SKI, and the firms that bought the Kremikovtsi steel mill near\u2026","rel":"","context":"In "Investigations"","block_context":{"text":"Investigations","link":"https:\/\/bivol.bg\/en\/category\/investigations-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":29942,"url":"https:\/\/bivol.bg\/en\/concessionaire-yulen-turned-out-to-be-connected-with-organized-crime-group-the-killers-and-with-thieves-of-eu-funds.html","url_meta":{"origin":25958,"position":1},"title":"Concessionaire “Yulen” Is Connected with Organized Crime Group “The Killers” and with Thieves of EU Funds","author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","date":"8 March 2016","format":false,"excerpt":"One of the offshore companies with a stake in the winter resort concessionaire \"Yulen\" has the same managers as the company of Mila Georgieva from \"The Killers\" gang, accused of contract murders and extortion. Georgieva is also wanted by the Romanian Prosecutor's Office for the theft of 26 million euro\u2026","rel":"","context":"In "FIBANK"","block_context":{"text":"FIBANK","link":"https:\/\/bivol.bg\/en\/category\/b-files-en\/fibank-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2016\/03\/mila-georgieva.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2016\/03\/mila-georgieva.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2016\/03\/mila-georgieva.jpeg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":33437,"url":"https:\/\/bivol.bg\/en\/bulgarians-against-corruption.html","url_meta":{"origin":25958,"position":2},"title":"Bulgarians against Corruption","author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","date":"19 March 2017","format":"video","excerpt":"On March 16, 2017, the Franco-German public TV, ARTE, broadcast a documentary \"Bulgarians against Corruption\", featuring Assen Yordanov from Bivol. Before the cameras of German journalists, he tells the story of the true owner of the concessionaire \"YULEN\" that has illegally seized vast territories in the Pirin National Park. Officially\u2026","rel":"","context":"In "Comments"","block_context":{"text":"Comments","link":"https:\/\/bivol.bg\/en\/category\/comments-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/ohrana-yulen-arte.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/ohrana-yulen-arte.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/ohrana-yulen-arte.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/ohrana-yulen-arte.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":28570,"url":"https:\/\/bivol.bg\/en\/owner-of-two-emblematic-bulgarian-companies-proved-destitute.html","url_meta":{"origin":25958,"position":3},"title":"Owner of Two Emblematic Bulgarian Companies Proved Destitute","author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","date":"11 November 2015","format":false,"excerpt":"Who is behind the offshore companies, owners of ski facilities in the mountains Vitosha and Pirin? Bivol visited a suburb in Nicosia where their nominal owner Georgios Georgiou lives in the basement of a modest apartment building. The man, who opens the door in white boxer shorts, a white T-shirt\u2026","rel":"","context":"In "Investigations"","block_context":{"text":"Investigations","link":"https:\/\/bivol.bg\/en\/category\/investigations-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":29768,"url":"https:\/\/bivol.bg\/en\/bulgarian-environment-ministry-will-invite-owner-of-yulen-georgios-georgiou-to-discussion-on-winter-resort-development.html","url_meta":{"origin":25958,"position":4},"title":"Bulgarian Environment Ministry Will Invite Owner of YULEN Georgios Georgiou to Discussion on Winter Resort Development","author":"\u0411\u0438\u0432\u043e\u043b\u044a","date":"24 February 2016","format":false,"excerpt":"Following the February 23 decision of Prime Minister Boyko Borisov and the one of the Council of Ministers from February 24 to reopen the debate on the plan for expanding the ski zone in the Bulgarian winter resort of Bansko, the editor-in-chief of Bivol Atanas Chobanov held a conversation with\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/bivol.bg\/en\/category\/analysis-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2015\/11\/georgius-home.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":33433,"url":"https:\/\/bivol.bg\/en\/yulen-goons-chase-away-team-of-german-arte-tv.html","url_meta":{"origin":25958,"position":5},"title":"YULEN Goons Chase Away Team of German ARTE.TV","author":"\u0415\u043a\u0438\u043f \u043d\u0430 \u0411\u0438\u0432\u043e\u043b\u044a","date":"7 March 2017","format":"video","excerpt":"Guards of concessionaire YULEN are harassing a team of German public broadcaster ARD, which filmed a report about Bulgaria\u2019s Pirin National Park. They have forbidden them to shoot on camera the ski area as if it was private property. The boss of YULEN, Obreikov, has personally claimed that in order\u2026","rel":"","context":"In "Comments"","block_context":{"text":"Comments","link":"https:\/\/bivol.bg\/en\/category\/comments-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/yulen-thugs.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/yulen-thugs.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/yulen-thugs.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/yulen-thugs.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/bivol.bg\/wp-content\/uploads\/2017\/03\/yulen-thugs.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/bivol.bg\/wp-content\/uploads\/2014\/12\/peev-ski-buda.jpg","_links":{"self":[{"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/posts\/25958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/comments?post=25958"}],"version-history":[{"count":0,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/posts\/25958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/media\/24847"}],"wp:attachment":[{"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/media?parent=25958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/categories?post=25958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bivol.bg\/en\/wp-json\/wp\/v2\/tags?post=25958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}