The two faces of "minister" Kiril Petkov
"Prince Charming" Petkov going after BDB (State owned bank), following Prokopiev's orders
A picture of Kiril Petkov is circling the Internet with the caption: "I wrote my CV, I read it, I cried, how can i be such a cool person".
Whether Petkov is such a cool man we do not know, but one thing is for certain - "Capital" media group tried hard to perfectly polished his image in recent months. And the plan worked.
Petkov's fans are multiplying in Facebook, especially among the middle-aged women. Yes, the elderly ladies clearly see similarity between Petkov and the Hollywood legend John Travolta and this instantly turns them into dedicated fans of the bulgarian or better sad, the bulgarian-canadian replica of the famous American. In addition, Petkov's father said for the media: "He stopped the thieves from stealing milions with a smile on his face".
Is this smile just a mask of the real minister Petkov`s face? We put minister in quotes, because the canadian citizenship of Petkov is a constitutional obstacle for the post, although he is an acting minister at the Ministry of Economy, four months already.
The original Travolta had a cult action flick "Face off" in which he brilliantly played the role of a sadistic serial killer who takes the "the face" of a FBI agent, using plastic surgery. Still nobody knows, if the smiling face of the good "minister" Petkov is only for the audience, but his true nature follows the screenplay of Travolta's classic movie.
The true nature of Kiril Petkov is just being a puppet, controlled by the oligarch Ivo Prokopiev, who placed him in the govermment to serve the interests of the media group "Capital". To keep him in the shadows, the Prokopiev`s media hide the real face of the "minister" behind everyday media plastic operations, that turned him into the walking cliche "The cool one".
And naturally, the first task of the cool man Petkov was to hit several BGB borrowers for whom Ivo Prokopiev spreading rummors that they were related to the former member of the Parlament, Delyan Peevski from DPS (Movement for Rights and Freedoms). His enemy number one. Peevsky is currently sanctioned by OFAC.
The perfect timing for Prokopiev to eliminate companies like "Bulgartabac" or "Technomarket", which are targets for his media black propaganda war for years.
Delyan Peevsky was a shareholder in both companies for a short period of time, but he sold his shares years ago. However, this is not enough for the well known oligarch from Razgrad. We still remember how his political proxy from "Da Bulgaria" Hristo Ivanov attacked the cigarette holding on every possible occasion, and the lies and manipulations that were printed in "Capital" and his associative media.
The malicious campaign inevitably damaged the business reputation of the enterprise. There was a response - over two thousand employees made a spontaneously protest in front of the headquarters of "Da Bulgaria", on the Ivan Vazov Street.
Now, Prokopiev has a new and stronger weapon. And this is "minister" Kiril Petkov (Such a coll man). Even before officially entered the office, Petkov began an attack on BRB for the sole purpose of turning regular loans to several large Bulgarian commercial companies into troubled ones.
These actions caused public hearings of the Bank's directors, their dismissal and replacement with new people, more suitable and obidient to Petkov. And then - non stop speaking how BRB was harmed because of the large credits (altough receiving large interest on the same credits) and that there is "proof" for connection between some of the big borrowers and former Deputy Peevski.
The last statement was necessary for Petkov and his mentor Ivo Prokopiev, because the purpose was to put the companies in the category of "associated" persons in the Bulgarian blacklists and thus deliberately restricted their banking service. And practically bankrupting them.
Doesn't matter that they are in perfectly good financial condition, providing jobs of hundreds of employees, and before everything else - they pay their credits regularly. Doesn't matter that the creation of "blacklists" is an administrative abuse that violates constitutional and civil rights. Affter all, if this is what Prokopiev wants, his puppets installed in the parlament are obligated to follow his orders. We can not deny that Prokopiev's revenge is well calculated.
What happened afterwards. After four months of manipulations by "this cool man" Petkov, there was not a single proof for any connection between the borrowers and Delyan Peevski. It turned out that neither former DP Peevski, nor his companies had a credit from BRB, confirmed with hesitation, Petkov himself.
The new mantra, similar to the one used for the KTB case - the hundreds of millions that Peevsky received and never paid back from the bankrupted financial pyramid. Myths and legends. The difference in this case is that when the cool Cyril Petkov spreads misinformation, people can be easily misled. And that's the reason why in the "public bath" Capital, Prokopiev's servants shining the image of the Cool Petkov.
The topic with BRB credits lose power, but it's not completly over. Now "minister" Petkov demand from the new directors of the bank to find a reason to stop credit contracts with the large borrowers, permanently speculating with their their names in his public appearances. And the new directors follow his orders.
We know from secure sources, that they now hire new assessors, like the assessment company "Colliers" to evaluate significantly lower the value of the assets provided by the bank's borrowers. Although ,the collateral evaluation has been performed annually, and the assessments have been updated and accepted by the Bank. Now, however, the aim is different.
To evaluate the same assets lower, causing BRB to request from borrowers or another collateral or partial early payment, which would inevitably harm their activities. In general, the new directors will look for any opportunity to claim their credits early as possible, without taking into account that the loans are regularly paid and the bank makes tens of millions earnings from interest.
Credits are secured by assets - in most cases - real estate and while borrowers companies are acting commercial companies with dozens of workers and employees. And they will certainly defend their violated interests in court, given the frivolous speaking of Petkov (as there is nothing to say) that "expected at least 250 million of these credits not returned."
Petkov's expectations are frank media populism in the context of the thesis of BRB bad borrowers but are not evidence in the courtroom. All this leaches a reputable state bank, discredited to her international creditors, like the Chinese Development Bank and will inevitably score it into unnecessary legal proceedings. But it doesn't matter if these are Ivo Prokopiev's desires. And they are the law for his proxy in the parlament - Kiril Petkov.
Along with the speaking that BRB should only credit the small and medium business, that the distribution of large credits, despite the bank's profits of the tens of millions of interest rates, was incorrect, "Petkov Minister did something, even though he corresponded to his media talk, In fact, it may be well-hidden scheme.
In the financial circles, there is rummors that a large part of the loans to finance small and medium business projects, a total of BGN 200 million, on average of 500 thousand for a candidate, and entirely through online application, are given to Ivo Prokopiev companies .
Even if it is just talking at this stage, this hypothesis should be checked because of the millions, distributed behind the populist slogan that BRB should only credit small and medium-sized enterprises. But if dozens of new borrowers are related to the Razgrad Oligarch, the result against which the cool Petkov jumps in front of the media will be the same.
However the facade is another, more acceptable and well polished for the public eye. Executed in typical Prokopiev's manner, himself being an experienced specialist of media well-presented financial schemes.
And the charade behind the two faces of Kiril Petkov is becoming more and more obvious for everyone. At the front - Cool Petkov, and behind him - the puppet controlled by the Oligarch Ivo Prokopiev. One of the many puppets used by the Capital Circle to conquer the state.
Whether Petkov is such a cool man we do not know, but one thing is for certain - "Capital" media group tried hard to perfectly polished his image in recent months. And the plan worked.
Petkov's fans are multiplying in Facebook, especially among the middle-aged women. Yes, the elderly ladies clearly see similarity between Petkov and the Hollywood legend John Travolta and this instantly turns them into dedicated fans of the bulgarian or better sad, the bulgarian-canadian replica of the famous American. In addition, Petkov's father said for the media: "He stopped the thieves from stealing milions with a smile on his face".
Is this smile just a mask of the real minister Petkov`s face? We put minister in quotes, because the canadian citizenship of Petkov is a constitutional obstacle for the post, although he is an acting minister at the Ministry of Economy, four months already.
The original Travolta had a cult action flick "Face off" in which he brilliantly played the role of a sadistic serial killer who takes the "the face" of a FBI agent, using plastic surgery. Still nobody knows, if the smiling face of the good "minister" Petkov is only for the audience, but his true nature follows the screenplay of Travolta's classic movie.
The true nature of Kiril Petkov is just being a puppet, controlled by the oligarch Ivo Prokopiev, who placed him in the govermment to serve the interests of the media group "Capital". To keep him in the shadows, the Prokopiev`s media hide the real face of the "minister" behind everyday media plastic operations, that turned him into the walking cliche "The cool one".
And naturally, the first task of the cool man Petkov was to hit several BGB borrowers for whom Ivo Prokopiev spreading rummors that they were related to the former member of the Parlament, Delyan Peevski from DPS (Movement for Rights and Freedoms). His enemy number one. Peevsky is currently sanctioned by OFAC.
The perfect timing for Prokopiev to eliminate companies like "Bulgartabac" or "Technomarket", which are targets for his media black propaganda war for years.
Delyan Peevsky was a shareholder in both companies for a short period of time, but he sold his shares years ago. However, this is not enough for the well known oligarch from Razgrad. We still remember how his political proxy from "Da Bulgaria" Hristo Ivanov attacked the cigarette holding on every possible occasion, and the lies and manipulations that were printed in "Capital" and his associative media.
The malicious campaign inevitably damaged the business reputation of the enterprise. There was a response - over two thousand employees made a spontaneously protest in front of the headquarters of "Da Bulgaria", on the Ivan Vazov Street.
Now, Prokopiev has a new and stronger weapon. And this is "minister" Kiril Petkov (Such a coll man). Even before officially entered the office, Petkov began an attack on BRB for the sole purpose of turning regular loans to several large Bulgarian commercial companies into troubled ones.
These actions caused public hearings of the Bank's directors, their dismissal and replacement with new people, more suitable and obidient to Petkov. And then - non stop speaking how BRB was harmed because of the large credits (altough receiving large interest on the same credits) and that there is "proof" for connection between some of the big borrowers and former Deputy Peevski.
The last statement was necessary for Petkov and his mentor Ivo Prokopiev, because the purpose was to put the companies in the category of "associated" persons in the Bulgarian blacklists and thus deliberately restricted their banking service. And practically bankrupting them.
Doesn't matter that they are in perfectly good financial condition, providing jobs of hundreds of employees, and before everything else - they pay their credits regularly. Doesn't matter that the creation of "blacklists" is an administrative abuse that violates constitutional and civil rights. Affter all, if this is what Prokopiev wants, his puppets installed in the parlament are obligated to follow his orders. We can not deny that Prokopiev's revenge is well calculated.
What happened afterwards. After four months of manipulations by "this cool man" Petkov, there was not a single proof for any connection between the borrowers and Delyan Peevski. It turned out that neither former DP Peevski, nor his companies had a credit from BRB, confirmed with hesitation, Petkov himself.
The new mantra, similar to the one used for the KTB case - the hundreds of millions that Peevsky received and never paid back from the bankrupted financial pyramid. Myths and legends. The difference in this case is that when the cool Cyril Petkov spreads misinformation, people can be easily misled. And that's the reason why in the "public bath" Capital, Prokopiev's servants shining the image of the Cool Petkov.
The topic with BRB credits lose power, but it's not completly over. Now "minister" Petkov demand from the new directors of the bank to find a reason to stop credit contracts with the large borrowers, permanently speculating with their their names in his public appearances. And the new directors follow his orders.
We know from secure sources, that they now hire new assessors, like the assessment company "Colliers" to evaluate significantly lower the value of the assets provided by the bank's borrowers. Although ,the collateral evaluation has been performed annually, and the assessments have been updated and accepted by the Bank. Now, however, the aim is different.
To evaluate the same assets lower, causing BRB to request from borrowers or another collateral or partial early payment, which would inevitably harm their activities. In general, the new directors will look for any opportunity to claim their credits early as possible, without taking into account that the loans are regularly paid and the bank makes tens of millions earnings from interest.
Credits are secured by assets - in most cases - real estate and while borrowers companies are acting commercial companies with dozens of workers and employees. And they will certainly defend their violated interests in court, given the frivolous speaking of Petkov (as there is nothing to say) that "expected at least 250 million of these credits not returned."
Petkov's expectations are frank media populism in the context of the thesis of BRB bad borrowers but are not evidence in the courtroom. All this leaches a reputable state bank, discredited to her international creditors, like the Chinese Development Bank and will inevitably score it into unnecessary legal proceedings. But it doesn't matter if these are Ivo Prokopiev's desires. And they are the law for his proxy in the parlament - Kiril Petkov.
Along with the speaking that BRB should only credit the small and medium business, that the distribution of large credits, despite the bank's profits of the tens of millions of interest rates, was incorrect, "Petkov Minister did something, even though he corresponded to his media talk, In fact, it may be well-hidden scheme.
In the financial circles, there is rummors that a large part of the loans to finance small and medium business projects, a total of BGN 200 million, on average of 500 thousand for a candidate, and entirely through online application, are given to Ivo Prokopiev companies .
Even if it is just talking at this stage, this hypothesis should be checked because of the millions, distributed behind the populist slogan that BRB should only credit small and medium-sized enterprises. But if dozens of new borrowers are related to the Razgrad Oligarch, the result against which the cool Petkov jumps in front of the media will be the same.
However the facade is another, more acceptable and well polished for the public eye. Executed in typical Prokopiev's manner, himself being an experienced specialist of media well-presented financial schemes.
And the charade behind the two faces of Kiril Petkov is becoming more and more obvious for everyone. At the front - Cool Petkov, and behind him - the puppet controlled by the Oligarch Ivo Prokopiev. One of the many puppets used by the Capital Circle to conquer the state.