Tag: Eurostandard
Macedonia 30.04.21 | 22:52

New head of the Judicial Council is under investigation over her husband’s involvement in the Eurostandard Bank scandal

The Anti-Corruption Commission (DKSK) announced it will investigate the property report of Pavlina Crvenkovska, who was recently appointed by the Zaev regime as head of the Judicial Council. The Council plays a key role in naming, promoting and removing judges. The investigation comes after reports that...
Macedonia Economy 21.04.21 | 15:36

Constitutional Court agrees to hear the challenge proposed by the larger deposit holders in the failed Eurostandard Bank

The Constitutional Court agreed to examine the law on banks, under which small depositors in the failed Eurostandard Bank were reimbursed, but not those holding more than 30,000 EUR. The law gives priority to the small deposit holders when a bank collapses, who are ensured by a solidarity fund supported...
Macedonia 06.04.21 | 13:13

Businessman Trifun Kostovski names five Zaev regime officials who he says caused the collapse of his Eurostandard Bank

Trifun Kostovski, owner of the now collapsed Eurostandard Bank, called out five top officials who he says contributed to the collapse of the bank. Eurostandard was issuing loans to shell companies whose owners were linked to the ruling SDSM party, many of whom would not pay back what they owed. The collapse...
Macedonia 09.02.21 | 09:40

Collapsed Eurostandard Bank owner welcomes investigation, wants it to focus on politically linked outsiders

Businessman Trifun Kostovski welcomed the move by state prosecutors to announce an investigation into four persons linked to the collapse of his Eurostandard Bank. The names of the defendants still haven’t been made public, and Kostovski likely is on the list, but he claims that officials linked...
Economy 20.01.21 | 09:35

How is it possible for 60 million euros to disappear from the bank on the day of its closing?, Eurostandard depositors ask Bezoska

The Association of Damaged Depositors from “Eurostandard” reacts to the statement of the National Bank dissociating itself from all the actions we had listed, made by Governor Bezoska, she continues to superficially declare that everything is done properly in the case of Eurostandard Bank....
Macedonia Economy 14.01.21 | 12:27

Former Finance Minister Angelovska withdrew her own deposit from the Eurostandard Bank before its collapse but left the deposits of the Finance Ministry

Depositors in the now bankrupt Eurostandard Bank allege that former Finance Minister Nina Angelovska, who famously withdrew her own deposit worth 250,000 EUR, left 40,000 EUR in deposits from the Finance Ministry. Since these funds surpass the 30,000 EUR which are protected under a loan insurance guarantee,...
Macedonia Economy 14.12.20 | 10:24

Central Bank Governor was involved in the criminal activities surrounding the Eurostandard Bank, depositors allege

The association of depositors in the failed Eurostandard Bank alleges that Central Bank Governor Antia Bezoska who tipped off the Finance Minister and other high profile depositors to save their money on time, before the bank collapsed. Then Finance Minister Nina Angelovska withdrew more than 200,000...
Macedonia 25.11.20 | 20:19

Court freezes Trifun Kostovski’s property – he responds that it’s done to stop him from revealing the truth about Zaev’s role in the collapse of his Eurostandard Bank

A Skopje court ordered a freeze on all property owned by oligarch Trifun Kostovski, whose Eurostandard Bank recently collapsed. Kostovski blamed the bank management and the ruling SDSM party for the collapse, saying that without his knowledge the managers gave bad loans to companies from Strumica linked...
Macedonia Economy 16.11.20 | 12:24

Association of savers who lost deposits in the failed Eurostandard Bank blames the Zaev family

The association of savers who had deposits in the bankrupt Eurostandard Bank are alleging that its collapse was a clear case of organized crime. Owner Trifun Kostovski is also saying that companies linked to the ruling SDSM party, based in Prime Minister Zoran Zaev’s fief of Strumica, collected...
Macedonia 13.11.20 | 22:48

Nikoloski demands an investigation into the linked Strumica companies that bled the Eurostandard Bank dry

VMRO-DPMNE Vice President Aleksandar Nikoloski called on Public Prosecutor Ljubomir Joveski to investigate the suspicious issuing of bad credits to companies in Strumica, via the now failed Eurostandard Bank. Nikoloski spoke as the Parliament reviewed the reports about the bank, which gave loans totaling...
Macedonia Economy 13.11.20 | 18:23

Kostovski spoke about the collapse of his Eurostandard Bank before the Parliament, insists that the entire criminal enterprise will be uncovered

Businessman Trifun Kostovski said that the criminal collapse of his Eurostandard Bank will eventually be uncovered. “Crime always leaves a trail”, the oligarch said before the Parliament, after accusing the ruling SDSM party of deliberately destroying his bank. Kostovski told members of Parliament...
Macedonia Economy 02.11.20 | 09:21

Large chunk of the loans that collapsed Eurostandard Bank went to inter-connected companies in Strumica

Savers in the now bankrupt Eurostandard Bank say that the main recipient of credits from the bank is a group of inter-linked companies from Strumica, the stronghold of SDSM party leader Zoran Zaev. This fits the allegations from bank owner Trifun Kostovski, who said that SDSM destroyed his bank in order...
Macedonia Economy 29.10.20 | 17:47

Three quarters of savers of the failed Eurostandard Bank have recovered their deposits

Depositors of the bankrupt Eurostandard Bank collected nearly 50 million EUR so far, which is three quarters of the total amount that will be distributed. The bank, owned by oligarch Trifun Kostovski, collapsed earlier this year after years of mismanagement and, according to Kostovski, deliberately approved...
Macedonia 20.10.20 | 09:34

Parliament will review SDSM party involvement in the collapse of the Eurostandard Bank

VMRO-DPMNE official Antonio Milososki announced that he will initiate a Parliament debate about the collapse of the Eurostandard Bank, which caused over 60 million EUR in damages. Bank owner Trifun Kostovski is openly accusing the ruling SDSM party of destroying his bank in order to divide credits to...
Macedonia Economy 19.10.20 | 14:41

Eurostandard owner says that his bank was destroyed in order to divide the money to companies linked to the SDSM party

Trifun Kostovski, the owner of the now bankrupt Eurostandard Bank, openly accused the ruling SDSM party of destroying his bank. Eurostandard was ordered to cease operations and placed under forced management by the NBRM Central Bank after years of mismanagement, for which Kostovksi now says that it was...
Macedonia Economy 16.10.20 | 17:44

Central Bank proposes charges against managers of the bankrupt Eurostandard Bank

The NBRM Central Bank announced it is proposing prosecutors file criminal charges against former managers of the Eurostandard Bank. The bank went bankrupt earlier this year after years of mismanagement and approving bad loans. NBRM said that it can’t reveal any more details about the nature of...
Economy 25.09.20 | 11:31

Kostovski: SDSM wants to privatize the Macedonian Post Office

Businessman Trifun Kostovski warned that the ruling SDSM party is planning to sell off the Macedonian Post Office. Kostovski’s Eurostandard Bank, which recently went under, had an exclusive contract to conduct payments through the 330 post office branches across the country, and he claims that...
Economy 03.09.20 | 17:07

Union representing 2,300 postal workers sounds the alarm after the Eurostandard Bank collapse

The union of the Macedonian Post Office is demanding an urgent meeting with Prime Minister Zoran Zaev, as 2,300 employees face to be left without pay or even fired. The post office heavily relies on the now bankrupt Eurostandard Bank, which had an exclusive contract to use the postal network for cash...
Macedonia 27.08.20 | 13:46

Eurostandard Bank was approving bad credits to real-estate developers linked with Zaev’s SDSM party

The Government and state prosecutors refuse to act in the Eurostandard Bank scandal, where companies linked to the Government were taking out credits with little or no collateral, said Gordana Dimitrieska – Kocoska from VMRO-DPMNE. Our information is that such credits were being given for the past...
Economy 24.08.20 | 14:55

VMRO demands an investigation into the politically linked companies who received credits from the failing Eurostandard Bank

Prosecutors need to investigate whether companies from Strumica, linked to the SDSM party, took up credits worth over 55 million EUR from the Eurostandard Bank, said Gordana Dimitrieska – Kocoska from VMRO-DPMNE. With the collapse of the bank owned by oligarch Trifun Kostovski, 200 million EUR...
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