Bulgarian authorities will fine the Rusalka Holidays company owned by notorious oligarch Nikolay Banev and his wife Evgeniya for illegally obstructing the access to a state-owned Black Sea beach.

The company has to pay BGN 19 000 (approximately EUR 9 700) for the violation.

Rusalka Holidays has already appealed against the fine, Regional Development Minister Lilyana Pavlova told the Bulgarian Parliament on Friday.

Pavlova expressed her hope that the Dobrich-based court will rule in favor of the state. The court ruling is due on October 30.

In April, the Bulgarian government won a suit over the ownership of a sizable Black Sea beachfront plot against a firm owned by Nikolay Banev.

Banev himself is known as a oligarch widely resented by the Bulgarian public primarily because of his role in a number of murky privatization deals not just in tourism, but also in other business sectors.

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