Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

A Bulgarian businessman from Chicago wants to save the church "St. Ivan Rilski"

Saint Ivan Rilski Church in Chicago
Photo: bg-voice.com

The Bulgarian businessman Mihail Mihailov, who is based in Chicago, has bought one of the mortgages of the church of St. Ivan Rilski, reported BG Voice. The temple owes $370,000 to two banks that are suing the church for bankruptcy. 


Mihailov will join the lawsuit as a plaintiff in his role as holder of the first mortgage. 

The businessman's idea is to introduce a new management model to have double control over the finances of the church, which will be carried out only by Bulgarians. 

At the moment the St. Ivan Rilski Church is not part of the Bulgarian Orthodox Church, but is subordinate to the American Orthodox Church. The liabilities were accumulated after 10 years of litigation costs by Valentin Notskov, who was removed as a priest from the temple.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Pazardzhik – the contemporary face of an ancient town

A delightful town, Pazardzhik, lies just 37 kms. from Bulgaria’s second biggest city, Plovdiv, and about 100 kms. to the Southeast of the country’s capital Sofia. The favourable geographical location of this ancient town is the reason why important..

updated on 6/23/25 11:30 AM

International Day of Yoga – harmony and health in 40 Bulgarian cites and towns

On June 21 the world will have a reason to unite and humble itself. We can find it in the International Day of Yoga – the ancient practice and teaching that focuses on the unity of body, mind and spirit. The United Nations officially..

published on 6/21/25 4:55 AM

The drinking establishments – disappearing cultural centers of Sofia

Many books have been written about the Bulgarian capital, telling about both its remarkable history from antiquity to the present day and the memories of various travellers who visited the city. An important place among them is..

published on 6/20/25 12:30 PM