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 the State-owned Bulgarian Development Bank (BDB). Prime Minister Boyko Borisov… Continue Reading…
14 февруари 2020
Stanko Stankov, owner of the infamous company Bulmarket, whose train tanks exploded near the Bulgarian village of Hitrino, causing fatalities, injuries and material damage, has purchased life insurance policies for his workers for his own benefit and has personally collected… Continue Reading…
FIBANK • Investigations • Leading
9 февруари 2019
A private law enforcement agent (PLEA) is once again requesting a freeze on the accounts of the Bulgarian First Investment Bank (FIB or Fibank) once the lender lost its case in the Supreme Court of Cassations (SCC). Per the Court’s… Continue Reading…
FIBANK • Investigations • Leading
20 декември 2018
The claim of former alpine ski racer Mark Girardelli that he bought in 2016 the offshore T.A.K Services, which is the majority owner of the concessionaire of the Bulgarian Bansko ski resort Yulen, finds no documentary confirmation, according to a… Continue Reading…
4 декември 2018
About a year and a half ago, one of the largest banks in Europe – UniCredit – unprecedentedly increased its capital to offset huge deficits due to piled up to bad credit. The cost for the Bank’s shareholders was close… Continue Reading…
17 юли 2018
Answers to questions under the Access to Public Information Act (APIA), received from the Ministry of Foreign Affairs and the Ministry of Environment and Waters, confirm information by Bivol, published on June 18 that the Minister of Environment and Waters… Continue Reading…
Comments • Leading
Complaint Filed in USA against Bulgarian Lawmaker, 2 Bankers for Theft of USD Millions from Failed Bank
7 февруари 2019
A complaint had been filed on November 27, 2018 with the United States District Court for the City of New York (Southern Division) by the companies Rudersdal, All Seas Property 2, Asset Management and Zahari Tomov – individually and as… Continue Reading…
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