The government has decided to terminate the memorandum with the investment fund Gemcorp for the construction of a battery park in Bulgaria, outgoing Prime Minister Kiril Petkov said for bTV. This would not entail payments for Bulgaria, Kiril Petkov added.
The offshore company Gemcorp Capital Management was founded by Atanas Bostandzhiev. Before founding Gemcorp, Bostandzhiev was CEO of VTB Capital, the British-based arm of Russia’s second-biggest bank VTB. According to western media, Gemcorp is connected to the Kremlin.
MP Desislava Trifonova asked in parliament “who actually brought the company to Bulgaria”. MP Trifonova also asked “why Bulgaria’s outgoing Premier had lied that he had ordered a counterintelligence probe into the firm and why he had lied that the company was recommended by the Unites States Embassy in Sofia and the British Embassy Sofia”.
The Bulgarian Ministry of Education and Science is organizing a national round table on 20 November on the topic “Are Restrictions Needed on Children’s Access to Social Networks?” The initiative is in cooperation with the parliamentary..
Russia’s Lukoil said it reserves the right to pursue legal action to defend its rights and legitimate interests in Bulgaria after a special administrator took control of its local assets. LUKOIL Neftohim special administrator removes board chair..
The European Bank for Reconstruction and Development (EBRD) will open a technology center in Bulgaria focused on emerging technologies such as Big Data , artificial intelligence, cybersecurity, and cloud services. This becomes possible after the..
The first quaternary wastewater treatment plant in Bulgaria was opened today in the village of Benkovski, Maritsa Municipality. “Today we are launching..
Bulgaria has officially become part of the European cultural route “The Wine Route” ( Iter Vitis ) . The certificate of membership was presented to..
Over the next 24 hours, cloudy and foggy conditions are expected across much of the western Danube and Upper Thracian plains. Rain is likely in western..
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