The Bulgarian Entrepreneur Tzvetan Vassilev is No Longer Wanted by Interpol
The defendant Tsvetan Vasilev is no longer wanted by Interpol, the information was confirmed for BTA by Vasilev's lawyer Konstantin Simeonov
Bromak, the major shareholder at Corporate Commercial Bank (KTB), is to request an international report on whether the bank's capital is a negative equity, the company's lawyers said on Monday.
Comments from Menko Menkov and Tervel Georgiev followed a decision of the Sofia City Court to halt the insolvency proceedings started by the Bulgarian National Bank (BNB).
The court cited last week's appeal lodged by Bromak, owned by Tsvetan Vasilev, against the proceedings.
The KTB case is to continued after the Supreme Court of Administration has had rulings on all appeals submitted so far, a process which could last "a long time," lawyers suggest.
Menko Menkov added a team of "20 lawyers" had worked around the clock "for more than two weeks" on the appeal which was submitted last week.
In his words, the bank was "in an exceptionally good financial state as of June 20, 2014", when it was placed under special supervision.
Menkov described KTB's Supervisory Board as "incompetent" and the decision to scrap the bank's license announced November 6 as "lawless".
The BNB cited Corpbank's capital becoming a "negative equity" as a reason to revoke its license, referring to what it and the auditing companies describe as a BGN 3.74 B gap.
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I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
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