Varna TPP

In late 2017, a company with no relevant experience acquired Varna TPP - back then Bulgaria's second largest thermal power plant - from Czech energy company, CEZ. At the time of the transaction, the Varna-based company Sigda was owned by the family o...

Apartmentgate

A joint investigation by ACF and Radio Free Europe revealed that several influential politicians and high-level public officials had acquired luxury properties at prices significantly below market rates. In addition, the transactions were highly unus...

Ginka Varbakova and the Failed Plan for the Largest Solar Plant in Southeastern Europe

On 4 July 2008, Pazardzhik Municipality signed a contract with Real States EOOD. The private company is owned by Ginka Varbakova, whose subsequent bid to acquire the Bulgarian assets of the Czech electricity company ČEZ, generated significant controv...