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A slap from across the ocean: US sanctions Delyan Peevski, Vasil Bozhkov, and Ilko Zhelyazkov

A slap from across the ocean: US sanctions Delyan Peevski, Vasil Bozhkov, and Ilko Zhelyazkov

These actions represent the largest single act of sanctions in the history of the Magnitsky Act, targeting these three individuals and their networks encompassing 64 enterprises for "significant corruption"



The lost decade of Bulgaria

The lost decade of Bulgaria

The governments of Boyko Borissov promised reform, but instead created an apparatus for extortion and clientelism






What is the Bulgarian mafia – and why does it matter?

What is the Bulgarian mafia – and why does it matter?

"Thugs – out" and "Mafia" have become the signature chants of this summer’s anti-governmental protests. There are deeply rooted reasons for this.


Bulgarian Stock Exchange: blue chips underperform broader market in H1

Bulgarian Stock Exchange: blue chips underperform broader market in H1

Investors find safe-haven in REITs


What a waste

What a waste

A large-scale Bulgarian business with international reach comes under unexpected attack from the prosecution


Bulgaria finally enters the euro’s waiting room

Bulgaria finally enters the euro’s waiting room

The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB


The gambling war

The gambling war

The attack on gambling tycoon Vasil Bozhkov is yet another example of how politics and business in Bulgaria are intertwined


Organized crime in Bulgaria: Five popular beliefs re-examined

Organized crime in Bulgaria: Five popular beliefs re-examined

Bulgaria, unfortunately, has built an image of a country deeply affected by organized crime


Geshev Unchained

Geshev Unchained

The new Bulgarian Prosecutor General Ivan Geshev moved into first gear from the outset, picking fights with oligarchs, rural criminals and even the president himself. Is he aiming at something bigger than just crime busting?


Small, midsize and of ever increasing importance

Small, midsize and of ever increasing importance

For the first time, the yearly Gepard ranking of most dynamic small and midsize enterprises in Bulgaria by Capital comprises more than 2200 companies. They have increased their revenues by more than 30% in 2018.


Bulgaria's sluggish advance in the EU

Bulgaria's sluggish advance in the EU

The economy has grown, industry is turning towards higher technology, but reforms have stagnated, hindering the country’s potential


Racist at heart or racist on demand?

Racist at heart or racist on demand?

While international media reacted with surprise to the ugly hate gestures from a group of Bulgarian ultras during an October football game against England, it missed the key local context


Brussels abandons push for reforms in Bulgaria’s justice system

Brussels abandons push for reforms in Bulgaria’s justice system

The European Commission decided that 13 years of tutoring without progress are enough


Instead of a thousand words

Instead of a thousand words