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
Bulgarian Chief Prosecutor Sotir Tsatsarov has said the Corporate Commercial Bank (Corpbank or KTB) failure case will be submitted to the the Specialized Criminal Court in February or March.
Tsatsarov's comment, which comes amid a domestic spat over claims hurled by Vasilev about relations between politicians and businessmen in Bulgaria, also coincides with a statement from the banker, quoted by private bTV station.
Vasilev was the majority owner of Corporate Commercial Bank (Corpbank or KTB), which collapsed in the summer of 2014 following a bank run and was later declared insolvent.
He is sought by Bulgarian authorities on embezzlement charges and is facing an extradition request, with the trial against him expected to be launched again and a new ruling expected in 2017. An earlier court move to grant the extradition request was overruled by a higher instance.
BTV on Thursday quoted Vasilev as saying he was ready to cooperate with the country's prosecution if it decided to launch a probe into his claims.
An investigation has been backed by several judicial officials, such as the country's "top judge", Lozan Panov, but is strongly resisted by Tsatsarov, who maintains his widely publicized claims are a mere attempt at averting the consequences of the upcoming KTB trial.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022