Technomarket
Bulgaria: Non-Food Retail Chains Are Broke, Brace for Civil Disobedience
Major non-food chains warn they do not rule out "staging protests and various forms of civil disobedience" if they are not allowed to open - without an "artificial distinction based on stores' overall shopping area."
Technomarket Donates BGN 100,000 to Fight Coronavirus
Technomarket Bulgaria EAD transferred BGN 100,000 to the account of the Ministry of Health for supporting the activity of the medical establishments in Bulgaria in the conditions of the emergency situation related to COVID-19.
Offshore Company Allowed to Acquire Technomarket Bulgaria
The competition watchdog of Bulgaria has given the green light for a Dubai-registered offshore company to acquire consumer electronics retailer Technomarket.
TGI Middle East FZE is also the entity which several months ago bought a stake in Bulgarian tobacco holding Bulgartabac, purchasing shares from controversial MP Delyan Peevski and Italian businessman Edoardo Miroglio.
Bulgaria to Rule on Technomarket CEO's Extradition to Italy
A Bulgarian Court is to rule on Monday whether to extradite Nikolay Kitov, a Bulgarian entrepreneur whom Italian authorities suspect of involvement in a tax fraud scheme.
Kitov was detained by Bulgarian authorities who acted in compliance with a European Arrest Warrant.
Just a few days after his detention, however, he was released on bail.
Bulgaria's Technomarket CEO Released on Bail in Tax Fraud Probe
Nikolay Kitov, founder and CEO of Bulgaria-based Technomarket consumer electronics and household appliances chain, has been released on a BGN 10,000 (EUR 5,000) bail by Sofia City Court (SCC), according to BGNES.
Bulgarian Entrepreneur Detained over Tax Fraud Probe in Italy
Nikolay Kitov, who is a member of the Boards at Technomarket and K&K Electronics, has been arrested in Bulgaria's capital Sofia, the Bulgarian prosecuting authority has said.
Managed by the Sofia City Prosecutor's Office, the operation to detain him was triggered by an ongoing probe into his alleged involvement in a millions-worth tax fraud scheme.