A real estate developer shot his business associate in their office in Bankso after a row.

Forty-four year-old Krasimir Kroulev, who has been arrested, was said to have shot his 33 year-old business associate Angel Subev. The incident happened around 1.30am in the office of Decostroi in Bansko, mediapool.bg said.

Mediapool quoted police sources as saying that the two recently had financial problems.

The business associates were owners or co-owners in five different companies, mediapool.bg said.

The two were said to own a number of real estate objects in Bansko and had construction in Zlatni Pyacutsi (Golden Sands), Velingrad, Sofia, Balchik and Botevgrad.