Buy Safely in Bulgaria
A second home in Bulgaria?
Latest News
23 000 houses in the sea are deserted
Around 23 000 new-built apartments South of Sunny beach are looking for buyers. This showed data of the ...
Latest Opinion
Българските ски курорти
Posted by Yanko on 2008-04-01
A close associate of But among the main investors in Super Panichishte
Home In The Media A close associate of But among the main investors in Super Panichishte
Rusi Rusev, an associate of a Russian arms dealer, is among the main investors in the tourist complex "Super Panichishte" in Rila. Rusev, who is the owner of the bankrupt trade center "Boila", did business together with the brother of the weapons trader Viktor But - Sergey. Viktor was arrested in Thailand. The two ran jointly the company "KAS Engineering" which exports specialized production for Third World countries. Rusev is currently investing in the scandalous project "Panichishte-Ezerata-Kabul" together with Georgi Velchev, brother of Bulgaria's ex-finance minister Milen Velchev. The plans for the ski tourist center envisage the construction of 100 hotels with 5600 to 8000 beds over an area of 2400 ha.
The ski center will have 14 alpine tracks, 27 new ski runs with a total length of 80 km and 21 new ski facilities.
According to information provided by the special services, the business relationship between the former direct business partners But and Rusev hasn't ended, although they no longer have common companies in Bulgaria.
The two started doing business in the country in 1996. During that year, Viktor But visited Bulgaria 3 times. The same year his brother Sergey bought the company "Er Zori". Rusev became his associate through "KAS Engineering". In 1996, the But brothers arrived in Bulgaria on a cargo plane "Il-76" from Egypt. In a week the machine took off to the United Arab Emirates, stocked with specialized production for the military. "KAS Engineering" received 22 permits to export arms in 1999, shows our check-up.
Another check-up in the "Daksi" system showed that there are two companies registered under the name of Sergey Nikolaevich But - "Rokman" and Nordic Limited". In 2005, the U.S. Treasury imposed a ban on all business contacts with Sergey But and "Rokman Limited" to all U.S. companies.
The UN dubbed Sergey But a "key aide in the Russian weapons maneuvres".
According to UN reports, airplanes owned by Viktor But were stocked with Bulgarian arms on the Burgas airport and then sent to African countries which are under international weapons embargo.
The main investor in the Super Panichishte project is "Rila Sport". It is owned by the offshore company Rylstone Trading, whose actual owners remain unknown.
"Rila Sport" also owns "Rila Sport Hotels", the company that will invest in the accommodation facilities of the ski resort. The former chairman of the board of directors of the Bulgarian Maritime Navigation Slaveyko Staykov is the current executive director of "Rila Sport". The company is also managed by the lawyer Dobromira Teneva-Tosheva, an official representative of Rylstone Trading, and Tihomir Trendafilov.
Source
Associated Galleries:
Construction works at Super Panichishte
Seven Rila Lakes
Associated Property Places:
Panichishte