The day in 3 news: Ex UN-rep in Middle East outed in Pandora papers, record electricity prices, Wizz Air dominates air travel

The day in 3 news: Ex UN-rep in Middle East outed in Pandora papers, record electricity prices, Wizz Air dominates air travel

© Цветелина Белутова


Nikolay Mladenov is second Bulgarian politician in Pandora's box

The investigative partner on the Bulgarian side - bird.bg, has shared documents about an offshore company, owned by Bulgaria's ex-foreign minister Nikolay Mladenov. The information apparently comes from the Pandora papers - the recent disclosures about the financial practices of reputable politicians and business people worldwide.

Mladenov, who then became UN representative in Iraq, and later in the Middle East, denied having ever used the company. He stated he needed it for a consulting business before he went on to work for the UN. But he did not reveal it to the UN, maintains bird.bg, which also points out that the contract was signed several days after Mladenov became a UN representative in 2013.

Electricity price again goes through the roof

203 euro per MhW is what it sells for today, making it the highest ever recorded. This is a 10% rise in just a day and probably correlates to today's lower productivity of solar plants. Bulgaria, Romania and Greece are the only countries in the EU with a rising price today, as all other markets have experienced a fall.

Air-tickets are way down from 2019

400 mln.levs is the total volume of the market, while in 2019 it was around 1.2 billion (600 million euro). Hungarian WizzAir is a leader with 27% of the market, Ryanair has 18.8% and Bulgaria Air - 14.1%

Nikolay Mladenov is second Bulgarian politician in Pandora's box

The investigative partner on the Bulgarian side - bird.bg, has shared documents about an offshore company, owned by Bulgaria's ex-foreign minister Nikolay Mladenov. The information apparently comes from the Pandora papers - the recent disclosures about the financial practices of reputable politicians and business people worldwide.

By using this site you agree to the use of cookies to improve the experience, customize content and ads, and analyze traffic. See our cookie policy and privacy policy. OK