A Bulgarian Court is to rule on Monday whether to extradite Nikolay Kitov, a Bulgarian entrepreneur whom Italian authorities suspect of involvement in a tax fraud scheme.
Just a few days after his detention, however, he was released on bail.
It was later reported that, according to Italian prosecutors, he had taken active part in a "carousel" scam. The latter normally involves the so-called "missing traders" used by organized criminal gangs to steal value-added tax (VAT) from governments.
Italian officials suggest the tax scheme might have been worth over EUR 70 M.
Kitov founded Technomarket in 1992 as one of Bulgaria's top retail chains for household electronics.
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According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
In Bulgaria, road safety experts highlight a grim statistic: approximately 650 individuals lose their lives each year in road accidents, with an additional 8,000 sustaining serious injuries
The "Blue Flag" program's international jury has recognized the excellence of 23 Bulgarian beaches and the Marina "Dinevi" by awarding them with the prestigious certificate
In a late-night incident along Rakovski Street in the capital, six patrol cars and a vehicle from the General Directorate of the Gendarmerie were involved in pursuing a candidate for deputy
The Bulgarian Retail Association (BRA) sounded the alarm over a staggering increase in theft incidents across commercial establishments, marking a concerning trend for retailers nationwide
In a disturbing incident in Elena, Bulgaria, a 23-year-old man has been detained after inflicting multiple stab wounds on his 41-year-old girlfriend's head with a pair of scissors
Bulgarian customs officials intercepted a clandestine smuggling operation involving over 3,000 packs of cigarettes ingeniously concealed within loaves of bread near the Danube Bridge in Vidin
The Varna Court of Appeal has upheld a life sentence for the horrific murder of Silvia S., a woman from the Shumen village of Chernoglavtsi, marking a tragic end to a story of domestic violence that gripped the nation
Bulgarian journalist Dimitar Stoyanov finds himself embroiled in controversy after being detained by authorities for 24 hours on charges of hooliganism and threatening behavior with a weapon
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
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