Fri, Mar 19 2010
Simeon Saxe-Coburg
Photo: Assen Tonev
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The former monarch and prime minister received the forests through the post-communist restitution process, but the state claims he got more than his due
Bulgaria’s former monarch Simeon Saxe-Coburg is quickly selling off forests he got under the country’s post-communist restitution process, a newspaper alleges, after the state said it would go to court to get some of the forests back.
Simeon Saxe-Coburg responds to criticism that he had taken more land than he was supposed to as part of the post-communist property restitution process.
It was later alleged that during the restitution, about 452ha of forests near the town of Samokov were transferred to the former royal family without any grounds for it.
Bulgaria was once again at the very 'top' of the negative chart, incurring a 30 per cent decline on an annual basis
The facility will cost up to 25 million euro
The deal is valued at 85 million euro and covers the Маll of Rousse and Mall of Stara Zagora projects. According to the seller's preliminary plans, it should be completed this year.
Experts believe that the the market will become increasingly flexible, benefiting buyers in the process.
Zekom firm run by Roman Romanov is accused of illegal property appropriation
"On November 4 2009, Agriculture Minister Miroslav Naidenov said he would file a court claim at the Sofia Regional Court on behalf of the state asking the court to recover some forest land awarded to Simeon Saxe-Coburg"
Some forest land????? If it was unlawful why not take it all and give it back to the rightful owners instead of just giving it to the state?