4 charged in Nexo case
The Bulgarian Prosecutor's Office claims that charges have been brought against four individuals in the Nexo case. According to Capital's information from the investigators, their initials are K.K., A.T., T.N. and K.M.
Two of them are co-founders of the company, Kosta Kanchev and Antoni Trenchev, whom the prosecutor's office has repeatedly hinted at as being part of the investigation, without naming them explicitly. According to Capital's sources, the other two persons, against whom charges have been raised, are directors Trayan Nikolov and Kalin Metodiev. The two of them have already been served and set bail of 1 million levs.
There is no evidence that decrees have been served on Antoni Trenchev and Kosta Kanchev, who are supposedly outside Bulgaria. Kosta Kanchev has been named suspected organizer of the possible "criminal group".
200 million levs for photovoltaic systems
By the end of January, the Ministry of Innovation and Growth is expected to announce a grant procedure for "Construction of new renewable energy sources for own consumption in combination with local energy storage facilities in enterprises".
The procedure, financed through the National Plan for Recovery and Sustainability, has a total budget of 200 million levs. Companies from almost all sectors of the economy can receive grants ranging from 100,000 to 1 million levs.
Austrian companies in Bulgaria expect difficult year
Due to high costs and problems with supply chains, Austrian companies in Bulgaria expect a difficult year ahead and a contraction in economic activity, a survey of 101 businesses shows. Almost half of them are pessimistic about 2023 although this share is smaller compared to the average levels for Europe and the region. At the local level, the biggest problems for companies remain corruption and unpredictable economic policy.
With more than 5 billion euros invested here, Austria is the second largest source of foreign investment in Bulgaria, which creates more than 300,000 jobs. In 2022, for the months leading up to October, Austrian exports to Bulgaria grew by 37%, and trade in the opposite direction by 34%.