Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
Bulgaria’s Technomarket CEO Released on Bail in Tax Fraud Probe
Crime | July 10, 2015, Friday // 18:00
- Tweet
Send to Kindle
Photo credit: technomarket.bg
Nikolay Kitov, founder and CEO of Bulgaria-based Technomarket consumer electronics and household appliances chain, has been released on a BGN 10,000 (EUR 5,000) bail by Sofia City Court (SCC), according to BGNES.
Kitov was detained three days ago in Sofia on a European Arrest Warrant issued by prosecutors in Monza, Italy in an investigation of his suspected participation in a tax fraud scheme.
Kitov has denied any wrongdoing.
The SCC decided on Friday that there is no risk that Kitov will attempt to hide to evade justice. The decision to release him on bail can be appealed in a higher court.
Related Articles:
Bulgarians' Incomes Rise Sharply, But Spending Follows Close Behind
According to the latest figures from the National Statistical Institute, household incomes and expenses in Bulgaria continued their upward trajectory in 2024
Business | April 21, 2025, Monday // 23:00
Many Bulgarian Companies Freeze Hiring and Investment Amid US Customs Uncertainty
The newly introduced US customs policy is creating both confusion and opportunity for businesses
Business | April 21, 2025, Monday // 23:00
Bulgaria Sees Surge in Counterfeit 20-BGN Notes in Early 2025
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
Mass Layoffs Continue Across Bulgaria in 2025
In the first three months of 2025, 16 companies filed 18 applications for mass layoff
Business | April 20, 2025, Sunday // 23:00
The Global Trade War Does Not Yet Impact Bulgarian Tourism
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far
Man Fatally Stabbed During Alcohol-Fueled Dispute in Bulgarian Village
A 34-year-old man lost his life after being stabbed during a violent altercation in the village of Kosharitsa
Crime | April 17, 2025, Thursday // 11:19
Bulgaria Among 10 Nations in Crackdown on €144M US Car Smuggling Network
A major criminal network involved in trafficking and reselling heavily damaged vehicles imported from the United States has been dismantled through a large-scale investigation
Crime | April 17, 2025, Thursday // 09:32
Tension Among Foreign Nationals in Sofia Leads to Violent Stabbing Incident
A Syrian citizen was seriously injured in a stabbing incident near the Central Hall in Sofia late on Sunday evening
Crime | April 14, 2025, Monday // 12:22
Bulgarian Police Uncover 4 kg of Cocaine with Putin's Face in Sofia
On April 11, 2025, Bulgarian authorities seized 4 kg of cocaine in Sofia during a specialized operation by GDBOP
Crime | April 14, 2025, Monday // 10:28
Bulgaria to Introduce Criminal Liability for Unpermitted Drone Operations
Bulgaria is set to introduce criminal liability for operating drones without the necessary permits under new amendments to the Civil Aviation Act, which have recently been approved by the Council of Ministers
Crime | April 10, 2025, Thursday // 16:36
Bodies Near Sofia's 'Iliyantsi' District Identified as 63-Year-Old Twin Brothers
The identities of the two male bodies discovered near Sofia’s "Iliyantsi" district have been confirmed as 63-year-old twins Ivan and Toma Penkovi
Crime | April 9, 2025, Wednesday // 16:28
