Corruption Concerns: EU Probing 11 Mln Levs Discrepancy in Bulgarian Tunnel Project

A report to the State Agency for National Security has brought to light the funneling of 11 million levs to shell companies. The main contractor in the project, local construction company GP Group, said it’s not a subject of any ongoing investigation.

The week: The black-hole constellation

New mayors are in - money is out, who owns the Interior Minister and more chess champions

The biggest construction companies: boom in real estate, slump in road building

The top 40 companies have an average revenue growth of just 4%, unlike all other thriving sectors

The week: "Year Zero" for anti-corruption, new cabinet or new elections, the quick end of the Gemcorp memorandum

Captured state fights back, gas storage slowly fills up and a skyscraper that is not

Illegal road repairs worth billions

A cross-ministerial probe found that much of the money paid for roadworks and maintenance has been illegally allocated

Construction sector in 2020: The state paves the way for revenue growth

The sharp increase in public funding for roads, railways, and gas infrastructure has boosted the revenue of the biggest construction companies in Bulgaria

The Week: Kicking the coal can down the road, the Blagoevgrad election test and getting closer to the Euro

Bulgaria says no to transition from coal, Peevski peeves MRF and Bulgarian high-tech startups on a roll

The day in 3 news: Teva to build pharma plant in Dupnitsa, Hemus subcontractor paid advance of 84m levs, MoI probes transplant breaches

Construction business: the largest builder in Bulgaria

How Veliko Zhelev turned his Hidrostroy company into an empire

The day in 3 news: Sofia’s GDP grew by 15% pre-crisis, Bulgaria’s corruption rank still worst in EU, RIA has no issues with Avtomagistrali

How Bulgaria feeds its road cartel

The government has poured upfront close to 4.6 billion levs (2.35 billion euro) of taxpayers' money into road construction - with no tenders and no transparency

The Companies with lowest debt: The Pre-crisis Picture

In total, the liabilities of the top 300 companies in terms of revenue in the country grew by over BGN 4.5 billion, reaching almost BGN 50 billion

The Northern Road

What is happening with Hemus motorway which is supposed to connect Sofia with towns in the northern parts of the country all the way to Varna

The loophole of in-house procurement

The in-house procurement procedures – the awarding of public contracts without tenders, has become a favorite way to allocate money in a non-transparent manner