An open court hearing is scheduled for December 13 over the bankruptcy case of Corporate Commercial Bank. The indictment filed by the Specialized Prosecutor's Office on July 20th is over 5,000 pages. More than 400 witnesses have been questioned and the volume of evidence gathered is huge.
The main shareholder of the bank Tsvetan Vassilev and 17 other bankers and financiers are accused of draining over 1.25 billion euro. Vassilev has been hiding from the Bulgarian authorities and is wanted by Interpol as a procedure for his extradition is currently underway. The court could still decide that the trial continues in his absence.
Head of the Specialized Prosecutor's Office Ivan Geshev commented that it could be said that the CCB case is the biggest financial fraud and corruption scheme in the new Bulgarian history.
Yordan Valchev, Chairman of the Board of the Road Infrastructure Agency (API), has signed a contract for the design of the Montana-Sofia expressway , which includes a tunnel under the Petrohan mountain pass. The contract, awarded to Transconsult-22 Ltd,..
Chief of Defence Admiral Emil Eftimov is attending a meeting of the EU Military Committee (EUMC), which begins today in Budapest. The forum takes place under Hungary's rotating presidency of the EU. Senior military officials will discuss the..
The Sofia Regional Police Directorate is conducting a special police operation against vote-buying ahead of the early parliamentary elections on 27 October. The operation focused on the municipalities of Kostenets and Dolna Banya, and by midday 76..
Hundreds of guitarists will perform the legendary song "Kletva " (Oath) in memory of Kiril Marichkov who died in an accident on stage. The song..
The National Health Insurance Fund (NHIF) will check whether hospitals have falsely reported medical treatment without the patient having been admitted..
On Sunday there will be sun with scattered high clouds. Fog will temporarily form in the morning in some valleys and around water basins. Minimum..
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