Bulgarian Tycoon Sets up New Business Association

Business | May 15, 2009, Friday // 14:59
Bulgaria: Bulgarian Tycoon Sets up New Business Association Hristo Kovachki is the man behind Lider party but has also been investigated for tax evasion. Photo by BGNES

Bulgarian tycoon Hristo Kovachki, who has diverse interests, ranging from manufacturing and banking to energy and retail, has initiated the establishment of an industrial chamber in a bid to wipe out corruption schemes.

The Bulgarian Industrial Chamber (BIC), which will be officially established on May 22, claims to be the only one capable of effectively combating corruption schemes, which it says operate with 15% of the local business money.

The formation, whose leader Hristo Kovachki sponsors the Lider party but has also been investigated for tax evasion, aims to bring together small and medium-sized companies as well as big businesses.

"There are currently six nationally representative business associations in Bulgaria, but none of them is efficient in its response to the economic crisis and the help it gives to its members," Emil Popov, member of BIC initiative committee said in the town of Burgas.

The chamber has set as its main aim to become a member of the National Tripartite Council and promised to open an office in Brussels in six months.

The chamber plans to draw up a unified register for unethical members, staff, suppliers and clients.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Kovachki

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria