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BulgariaFocus

The Barcelonagate Scandal: A Comprehensive Overview of Alleged Money Laundering Scheme Involving Bulgarian Political Party Leader and Chief Prosecutor

BulgariaFocus08 mins

The ‘Barcelonagate’ scandal has rocked Bulgarian politics, raising the issue of corruption in Bulgarian society. With the alleged involvement of the GERB leader and multiple businessmen in a money laundering scheme, the scandal has sparked a range of reactions from the public and political opposition. The article provides a comprehensive overview of the scandal, including the background of the GERB leader and Chief Prosecutor, specifics of the scandal, response from the Chief Prosecutor, public reaction, and potential outcomes. The scandal remains a significant event in Bulgarian politics, with long-lasting consequences yet to be seen.

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Transfer of Madlen Deposit Concession to Riolitis to Bring Significant Support to Bulgaria’s Construction Industry: Overview and Plans

BulgariaFocus011 mins

Bulgaria’s construction industry is set to receive a significant boost with the transfer of the Madlen deposit concession to Riolitis from Euroslag, approved by the Ministry of Energy. With an estimated reserve of 2.63 million tonnes of marl and 1.75 million tonnes of limestone, this deposit holds potential for the industry, providing a stable supply of high-quality raw materials for construction products. The development of the deposit aims to generate employment opportunities, support local producers, benefitting the local economy, and reducing the industry’s dependence on imports. However, the transfer has also met with opposition from environmental organizations and local communities concerned about the potential environmental impact.

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Exploring Opportunities for Collaboration: International Weightlifting Federation President Visits Bulgaria to Discuss Anti-Doping Measures, Talent Development and Gender Equality in Weightlifting.

BulgariaFocus08 mins

Find out how Mohamed Jalood, President of the International Weightlifting Federation, discussed key issues affecting weightlifting in Bulgaria and explored opportunities for future collaboration with the Bulgarian Weightlifting Federation. They discussed ways to improve anti-doping measures, develop new talent and promote the sport across the country, and Jalood emphasized the importance of promoting gender equality in weightlifting. Learn about the IWF’s initiatives to combat doping, promote women’s weightlifting, and maintain a level playing field for all athletes to ensure the sport continues to grow and thrive.

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Bulgarian bottle cap manufacturer Herti reports significant increase in net profit in Q1 of 2023.

BulgariaFocus03 mins

Key Points: – Herti, a Bulgarian bottle cap manufacturer, reported an increase in its consolidated net profit for the first quarter of 2023. – The company’s net profit rose to 2.92 million levs ($1.6 million/1.5 million euro) compared to 1.62 million levs in the same period last year. – Herti attributed the increase in net…

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28 Arrested in Bulgaria and Romania for Immigrant Smuggling: A Joint Effort by Law Enforcement Agencies

BulgariaFocus03 mins

In a joint effort with the Romanian Border Police, the Bulgarian General Directorate Combating Organised Crime and the German Federal Police in Waidhaus, 28 people were arrested on charges related to smuggling illegal immigrants into the Schengen Area. Europol also supported the operation. The individuals were part of criminal organizations that specialized in smuggling immigrants…

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Exploratory mandate handed to PP-DB’s nominee for Prime Minister in Bulgaria: Challenges and Future Prospects.

BulgariaFocus04 mins

Radev Hands Exploratory Mandate to PP-DB’s Nominee for Prime Minister Bulgaria’s President, Rumen Radev, has given the exploratory mandate to form the next government to Nikolai Denkov, the nominee from the political alliance PP-DB (There is Such a People). This move comes after last week’s parliamentary elections where PP-DB emerged as the second-largest party in…

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Telelink Business Services Group: IPO Plans, Balkan Expansion, and Innovation Focus”

BulgariaFocus04 mins

Telelink’s major shareholders plan to sell up to 25% stake on BSE Telelink Business Services Group’s three major shareholders, including CEO Lyubomir Minchev, are looking to sell up to a quarter of the company’s equity stake on the regulated market of the Bulgarian Stock Exchange (BSE). The proposed sale is aimed at increasing the group’s…

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Analysis of Bulgaria’s 28% YoY Decrease in Electricity Production in March 2021

BulgariaFocus03 mins

Monthly decrease in electricity production is ever a good sign, but the statistics revealed by Bulgaria’s National Statistical Institute are worth analyzing. Here are the key points that summarize the article: * Bulgaria’s electricity production fell by 28% YoY in March 2021. * The country produced 3,705 GWh of electricity, which represented a monthly decrease…

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Bulgarian Ministry of Internal Affairs Conducts Checks in Sofia as Part of Ongoing Investigation

BulgariaFocus03 mins

Bulgarian Ministry of Internal Affairs carries out checks at addresses in Sofia Overview Teams from the Bulgarian Ministry of Internal Affairs conducted a series of checks on several addresses in the capital city of Sofia last night, in response to a request from the prosecutor’s office. The BNR reports that these checks were carried out…

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