Corporate Commercial Bank Begins Payments to Creditors After 10-Year Bankruptcy
Trustees of Corporate Commercial Bank (CCB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024
Corporate Commercial Bank (KTB) majority shareholder Tsvetan Vasilev said he had made a mistake by appointing MEP Nikolay Barekov as TV7 channel's CEO.
In an open letter to the media sent after politician Yane Yanev referred him to prosecution over allegations that he "illegally financed" Barekov's Bulgaria without Censorship party, Vasilev dismissed Yanev's signals to the Prosecutor's office.
KTB's owner however also stressed it was Barekov whose "financial propriety" should be put into question.
Vasilev delivered his comments amid a scandal in Barekov's Bulgaria without Censorship, which some of its coalition partners have left over the past days.
In an interview for private channel bTV after the KTB affair started, Vasilev admitted Barekov's rise in politics should largely be ascribed to his use of TV7's resources.
Vasilev, to whom the channel was allegedly affiliated at the time when Barekov launched his political career, also acknowledges in his letter that he personally recommended the journalist-turned-politician to take the post in 2012.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria’s toll system now has the technical capability to track average vehicle speeds, as announced by the National Toll Management following a meeting with Regional Development Minister Violeta Koritarova.
The income required to cover living expenses for a working individual and a three-member family with a child under 14 has remained almost unchanged compared to June, according to an analysis by the Confederation of Independent Trade Unions in Bulgaria (CI
The Council of Ministers has adopted a resolution to set the minimum wage at 1,077 leva, reflecting a 15.
Every 20 minutes, fire alerts are received from across Bulgaria.
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