Corporate Commercial Bank

Bulgarian President Rumen Radev criticized the influence of the oligarchy in the country, referencing the "Magnitsky-sanctioned figures" who he believes are undermining the state.

Tsvetan Vasilev, the former owner of the Corporate Commercial Bank (CCB), claimed that the bank had financed Delyan Peevski's family with approximately 500 million leva until mid-2013. Vasilev made these statements during a hearing before a temporary parliamentary committee investigating the influence of Petyo Petrov, known as Pepi "The Euro," and Martin Bojanov, nicknamed "The Notary."

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.

The license of CCB was revoked illegally, this was decided by the European Court of Human Rights in the case of the Corporate Commercial Bank (CCB) against Bulgaria.

A special commission will inspect  Bulgarian Development Bank (BDB) to see why it has financed eight persons, 4 of whom may be indirectly linked to famous businessman and former MP Delyan Peevski.

This was announced by the caretaker Minister of Economy Kiril Petkov in an interview with BTV.

President Rumen Radev has already started to constitute the caretaker government, which has emerged as inevitable. Surely the prime minister in it will be Gen. Stefan Yanev. Harvard alumni Assen Vassilev is the second well known person in the future government, Maritsa daily reports.

Bulgarian President Rumen Radev on Thursday refused to sign the decree appointing Ivan Geshev as the next Prosecutor General after Sotir Tsatsarov's mandate ends in January 2020.

Bulgarian PM Boyko Borissov and his Russian counterpart Dimitri Medvedev discuss energy projects on August 12. Photo: EPA-EFE/VASSIL DONEV.

Prosecutor-general Sotir Tsatsarov told media on Tuesday that Nikolay Malinov has been charged with espionage and that a former senior Russian intelligence officer, Leonid Reshetnikov, has been barred from entering Bulgaria.

The case filed by the State Oman Reserve Fund against the Bulgarian state over the bankruptcy of Corporate Commercial Bank (CCB) has been finalized, the finance ministry said. The foreign fund, which was a shareholder in the bank, claimed compensation for the refusal of the Bulgarian authorities to try to save it. Back in the spring, the Omani gave up their claim.

World's second-largest bank, China Construction Bank, is considering entering Bulgaria. This was stated by the Chairman of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov first on the show "Business Start" on Bloomberg TV Bulgaria.