Seizure of Bulgaria's Corpbank

The Budget Committee has approved both bills submitted by the Council of Ministers for the introduction of the euro and the Law on Credit Institutions. To address the unstable political situation and the risk of early elections, the committee decided to grant a mandate to the Ministry of Finance.

Bulgaria's Finance Minister, Asen Vassilev, actively participated in the first regular meeting of the Economic and Financial Affairs Council (ECOFIN) for 2024 in Brussels. The meeting, chaired by the Belgian presidency of the Council of the EU, outlined its financial and economic priorities for the initial six months of the year.

The Bulgarian banker Tzvetan Vassilev has again been declared an internationally wanted man. According to information from the National Radio, a European Arrest Warrant was issued for him last week, and since this week he has been submitted for search by Interpol. The reason is a new investigation against him, which the Sofia City Prosecutor's Office is working on.

From the beginning of the year to the end of April, Bulgarians working abroad have sent to their relatives in Bulgaria nearly 400m euros. By comparison, for the same period in 2018, the amount was EUR 392.5 million or EUR 6.9 million less. This shows a report of Investor.bg in the balance of payments data of the Bulgarian National Bank (BNB).

Bulgarian media mogul Delyan Peevski has announced he is renouncing the European Parliament seat he won on Sunday for the mainly ethnic Turkish Movement for Rights and Freedoms, MRF.

Oman's sovereign wealth fund has withdrawn an 80 million euro ($89.98 million) claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said in a statement on Thursday.

The court sitting on the case for siphoning off of more than BGN 2 and a half billion from the Corporate Commercial Bank on 28th of February continues for second day In the Specialised Court. The former banker and majority shareholder of the bank, Tzvetan Vassilev, and other 17 people are defendants in the process, charged as an organised criminal group.

A Serbian court on Wednesday declared the bankruptcy of the Serbian Glass Factory company, linked to the exiled Bulgarian tycoon Tsvetan Vassilev, who is wanted in Bulgaria for the collapse of his Corporate Commercial Bank, CCB, in 2014.

''The Corporate Commercial Bank'' case went to the court. Tzvetan Vassilev and 17 other bankers and financiers will stand on the dock, reported bTV.

Early this morning, 12,000 pages of indictment had been moved from the offices of the Prosecutor's Office to the Special Criminal Court.