U.S., Bulgaria: Julian Tzolov

A Fistful of Euros writes on the case of Julian Tzolov, wanted in the U.S. for “selling auction rate securities (asset-backed bonds with frequent yield resets) to now aggrieved clients. The clients apparently thought they were buying bonds backed by student loans but were in fact buying dodgy mortgages, an impression due it seems to the wheeze of adding the description “student loan” to whatever the asset actually was.”

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Updates about Eastern & Central Europe

26 May 2012

Slovakia

On May 26, approximately 50-60 opponents of the upcoming Gay Pride gathered [sk] in Bratislava for a rally organized by the Association for Protection of Family, together with the Citizens' Association for Christian Values and Traditions. The main organizer, Jozef Dupkala, offering a helping hand to homosexuals, said: “Your current pride … will end the moment you stand before The Last Court.” He also said: “We came to offer hope to all those who suffer from this condition, homosexuality, to be able to turn to God in order to accept the cure.”

• Tibor Blazko

22 May 2012

Bulgaria

A 5.6 magnitude earthquake, the strongest since 1917, shook Bulgaria's capital Sofia and the perimeter zone of around 100 km last night, followed by a number of strong aftershocks. No victims have been reported so far. The website Earthquake Reports has published live updates and social networks such as Twitter and Facebook were the first ones to spread the news. The hashtag #земетресение (”earthquake”) is used to communicate on the event through Twitter.

• Rayna St.

21 May 2012

Bulgaria

Young Bulgarians and guests from Italy, with support of the New Bulgarian University and project “Beautiful Europe” [bg] will meet on May 23 to discuss the “European idea” and what Europe means to Bulgarians at an event called “Blue Night” - an evening dedicated to the European idea [bg]. The event comes just one day before one of the brightest Bulgarian holidays - the Day of Slavic writing and culture.

• Ruslan Trad

Bulgaria

Activists in Bulgaria have called for national protests against shale gas extraction on May 22. There is a Facebook event [bg] “National protest against shale gas and changes in Forest Law!”. Tensions are growing after The Greens' activist posted a video [bg] showing a secret meeting between the Bulgarian Academy of Sciences (BAS) representatives and Chevron officials.

• Ruslan Trad

16 May 2012

Russia

In the final segment of the report [ru] on the May 6 protest in Moscow, which ended in clashes with riot police, the Russian state-owned Channel 1 mentioned, among other things, a Spanish draft law [en] criminalizing online organization of public protests, as an example of the “much tougher” treatment of protesters by the “colleagues” of the Russian law enforcement officials “in the countries with the so-called established democracy.”

• Veronica Khokhlova

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