The day in 3 news: Development bank debtors refuse to meet minister, Cabinet to probe predecessors’ pandemic response, state-sponsored school trips to save summer season

Bulgarian schoolchildren will have the chance to go to the seaside for a week and the state will foot the bill according to a new caretaker government plan

The day in 3 news: Development bank debtors refuse to meet minister, Cabinet to probe predecessors’ pandemic response, state-sponsored school trips to save summer season

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Bulgarian schoolchildren will have the chance to go to the seaside for a week and the state will foot the bill according to a new caretaker government plan

© Valentina Petrova


The Constitutional Court announced on Thursday it is revoking changes to the Bank Insolvency Law introduced by then-MRF deputy and business mogul Delyan Peevski (and backed by GERB, the United Patriots and MRF) in 2018. The amendments were supposed to stop the "secondary" plunder of Corpbank and allow the trustees in bankruptcy of the bank that defaulted in 2014 to collect 600 million euro of uncollected debts. The Court decided that the decisions that entailed retroactive cancellation of already signed deals contradicted constitutional law.

Eight of the largest debtors of BDB refuse to meet Economy Minister

The day after Economy Minister Kiril Petkov announced that 900 million euro out of 950 million euro of total credit financing issued by the Bulgarian Development Bank (BDB) had gone to only eight companies over the past two years, representatives of all eight firms refused to meet him. Six of them - all connected to business moguls such as Delyan Peevski, Rumen "the Wolf" Gaytanski, the Domuschievi brothers etc. - responded in writing to his invitation, while two others failed to even reply, the Economy Ministry said. Each company has received several credits worth between 30 and 70 million euro.

Health Ministry probes former administration's pandemic response

On Friday, caretaker Health Minister Stoycho Katsarov tasked the National Center for Public Health and Analysis (NCPHA) with investigating healthcare provision over the year of the pandemic response (1 March 2020 - 31 May 2021).

The Center needs to find reasons for the inordinately high fatalities and the role of Covid-19 in increasing them. Over the past year, Bulgaria registered a record number of excessive mortality figures, with over 36,000 extra deaths registered in 2020 alone compared to previous years. NCPHA also has to evaluate the effect of various anti-epidemic measures introduced by the previous administration. The report has to be completed in the next 30 days, the Health Ministry added.

Black Sea tourism boost as 30,000 pupils get free holiday

The caretaker government announced a plan to boost the Bulgarian seaside holiday business that is reeling from the pandemic and deteriorating relations with Russia. It will fund 30,000 students from Grade I to Grade XI to go on a free week's seaside holiday. The program, called "Together again", will cost 7,5 million euro and is supposed to not only help struggling hoteliers, but also provide psychological relief to students and their teachers, caretaker Education Minister Nickolay Denkov said.

Another idea in the pipeline is for the state to pay for incoming foreigners' PCR tests at the border, caretaker Tourism Minister Stela Baltova added.

The Constitutional Court announced on Thursday it is revoking changes to the Bank Insolvency Law introduced by then-MRF deputy and business mogul Delyan Peevski (and backed by GERB, the United Patriots and MRF) in 2018. The amendments were supposed to stop the "secondary" plunder of Corpbank and allow the trustees in bankruptcy of the bank that defaulted in 2014 to collect 600 million euro of uncollected debts. The Court decided that the decisions that entailed retroactive cancellation of already signed deals contradicted constitutional law.

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