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Financial police officers in Italy have arrested the president and CEO of the Bank for Economic Development in the Sicilian city of Catania. They have been charged with willful bankruptcy and other financial crimes.
As part of the operation, codenamed Fake Bank, Sicilian investigation officers have been able to track numerous illegal financial transactions carried out by senior credit institutions. In collaboration with 18 others, they brought the bank into bankruptcy.
RIA Novosti announces that all defendants in this case have been notified of the completion of the preliminary investigation.
The investigation started in 2016 and covered at least 11 Italian regions including Lombardy, Sicily, Veneto, Tuscany and Campania. Suspects were traced to and arrested in Germany, Switzerland and Bulgaria, The Guardian reported.
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Italy has thrown its weight behind Bulgaria's bid for full-fledged membership in the Schengen area, affirming its steadfast support during Italian President Sergio Mattarella's two-day visit to Bulgaria
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Inflation in Turkey soared to a staggering 68.5% year-on-year in March, according to data released by the Turkish Statistical Institute Turkstat
Ukraine's Prime Minister Denys Shmyhal announced on Friday that the country has obtained a $1.5 billion tranche from the World Bank program
Reports from Italian authorities detail a horrifying ordeal where victims were subjected to physical violence and coercion, painting a grim picture of human trafficking and exploitation
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
Amid escalating tensions on its borders and a significant increase in the Ministry of National Defense budget, Romania is discreetly preparing for the reintroduction of compulsory military service
Defense Minister Sergei Shoigu announced today that Russia will escalate strikes on Ukrainian storage bases housing weapons supplied by Western nations
In a move aimed at bolstering its military forces amid the ongoing war with Russia, Ukraine has announced the suspension of consular services for its male citizens eligible for military service and residing abroad
A high-profile scandal rocks Ukraine's political landscape as Mykola Solskyi, Minister of Agrarian Policy and Food and former Chairman of the Parliamentary Committee on Agriculture, faces allegations of involvement in an organized criminal group orchestra
A dire situation looms over European airspace as thousands of passenger planes, predominantly ferrying tourists, find themselves ensnared in a perilous web of Russian jamming attacks, leaving them disoriented and vulnerable mid-flight.
Bulgaria holds the 15th spot worldwide in terms of average salaries for individuals engaged in freelance professions, boasting an average wage of $148
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
