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

Christmas is possible as early as November – Sofia in lights, bazaars and festive coziness

This year, Christmas has "arrived" in Sofia as early as November with the aroma of mulled wine, cinnamon and festive magic. Radio Bulgaria recommends that you visit some Christmas spots in the Bulgarian capital city: For those most impatient to..

published on 11/17/25 3:08 PM

Bulgarians in London to meet Olympic weightlifting champion Carlos Nasar

Three-time world champion and Olympic weightlifter Carlos Nasar will be holding a special event with the Bulgarian community in London on 23 November.   According to the organisers, it will be an open conversation in which Nasar will discuss his journey..

published on 11/17/25 2:55 PM

Caritas reaches out to the poor and suffering

On 16 November, we celebrate Caritas Day, when we honour the Catholic Church’s charity organisation that brings hope to those in need through care and acts of mercy . It reminds us that financial gain is not what matters most. What truly matters is..

published on 11/16/25 10:15 AM