GERB Extends Negotiation Deadline with WCC-DB; Final Decision Tomorrow
The negotiations between GERB and "We Continue the Change-Democratic Bulgaria" (WCC-DB) have been extended until tomorrow at 12:00 noon, as announced by GERB.
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Sofia Municipal Council has discharged Stoyan Tsvetanov, who heads Toplofikatsiya heating utility's branch in the capital.
The decision was taken by a majority of 37 to one, with five abstained.
Tsvetanov has been criticized for having deposited 90% of Toplofikatsiya Sofia's funds, which amount to BGN 80 M (EUR 40 M), at Corporate Commercial Bank (KTB) without a proper decision from the Board of Directors.
Up to the beginning of 2014, the utility had about BGN 10 M in the bank (where it has had an account since 2004), and the rest were accumulated over the past months, website Dariknews.bg reports municipal councilors as saying.
Tsvetanov allegedly took the decision in person.
All the assets are now blocked after the Bulgarian National Bank (BNB) imposed special supervision on KTB, thus preventing it from carrying out operations with customers' assets.
At the same time about 200 employees of Toplofikatsia defended Tsvetanov's actions by staging a protest in front of Sofia Municipality's building, demanding that he remain in office.
Though admitting he had marked success in managing the utility, GERB councilors (a majority in Sofia) stressed his investment program had been exposed to "risk" by his actions.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgaria emerges as a surprising leader in the realm of gold ownership, securing its position among the top three countries in Europe per capita
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
According to data from the Institute for Social and Trade Union Research at the National Council of National Statistics, women in Bulgaria receive wages that are on average 12.6 % lower than men, but in several economic sectors, the differences are signif
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion