Tsvetan Vasilev

The Sofia City Court has approved the nomination of two temporary assignees who will manage the assets of collapsed Corporate Commercial Bank, or KTB, and run it on a daily basis.

Lazar Iliev and Rosen Angelchev will assume their new function within two days, BNR radio station reported on Wednesday.

Paris-based LIC33, a private capital investment company, has acquired 43% of Bulgaria's telecommunication operator Vivacom (www.vivacom.bg) and about 91% each of ammunition plant Dunarit (http://www.dunarit.com) and military aircraft repair plant Avionams (

Tsvetan Vasilev, the majority shareholder at troubled Corporate Commercial Bank (KTB), is transferring his assets in the football club of Botev Plovdiv to the team's fans.

Until now, fans were already in possession of a minor share in Botev Plovdiv.

The LIC 33 group, comprising investors from the EU, is acquiring control of Bulgarian telecommunication operator Vivacom and other leading companies in the country, dnevnik.bg reported on Wednesday.

LIC 33 will acquire majority stakes in Vivacom and other Bulgarian companies, according to the news daily. The names of the other companies weren't disclosed.

The Balkans are already free from the contradictions instilled in the region by the Great Powers over the centuries in the words of Bulgarian President Rosen Plevneliev.

The statement was made during the official visit of the Bulgarian head of state to Serbia Thursday, as reported by BGNES.

Belgrade Court of Appeal has rejected Bulgaria's request to extradite Tsvetan Vasilev, majority owner of collapsed Corporate Commercial Bank, or KTB, Sofia-based BNR radio station reported on Wednesday.

The decision returns the case to the lower court, BNR quoted a spokeswoman for Belgrade Court of Appeal as saying.

Bulgaria's Supreme Administrative Court (SAC) on Tuesday upheld the central bank's decision to cancel the banking licence of collapsed Corporate Commercial Bank (Corpbank).

The decision can be appealed before a five judge-panel of the SAC within seven days.

Bulgaria's Banker weekly has published an interview with Tsvetan Vasilev, majority owner of KTB AD, headlined "Vivacom is a tasty bite for political hyenas".

Tsvetan Vasilev announced in an exclusive interview for Novinite news agency that he was blackmailed to give away part of Vivacom in March.

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Tsvetan Vasilev ... courted and reviled, awarded and stigmatized, promoted and humiliated ... In 2014, he was undoubtedly the most mentioned person in the Bulgarian media, in private and in public interviews, in courtrooms and in banking circles. Without doubt 2014 was also his most important and most controversial year.