Hristo Kovachki

Bulgarian ‘Coal Emperor’ Behind Compensation Claim against Serbia

"He invested around 110 million euros in Serbia and he lost all that money," Milan Radunovic told BIRN. "He wanted to go to court because our government cancelled the agreement for the coalmine without any reason."

Kovachki's office in Sofia did not respond to a request for comment. Nor did the Serbian government.

Political party connections

The Tender for the Bulgarian Part of the "Turkish Stream" is Fixed?

The tender for the design, pipe supplier and contractor of the Bulgarian part of Turkish Stream, although formally not completed, has already had a clear winner. According to the Russian business edition RBK, the contract will be won by Dmitry Pumpanski's "Trumpet Metallurgical Company" (TMK).

Bulgaria MPs Set Up Committee to Investigate Fuels Market, Bobov Dol Mine

Lawmakers have agreed to establish a parliamentary committee that will look into Bulgaria's fuels market, on suspicions that some practices have been distorting competition since 2008.

Abuse of dominant position on behalf of key petrol and diesel retailers will also be a subject of investigation.