Tag: trifun
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...
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 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...
Economy 15.08.20 | 10:43

Central Bank denies allegations that it hid its decision on Eurostandard Bank to influence the elections and to give time to political insiders to withdraw their deposits

The Macedonian Central Bank (NBRM) responded after a leaked classified document shows it has stripped the troubled Eurostandard Bank of its licence as early as June 1, but kept the decision from the public. This prompted speculation that the move was hidden from the public in the sensitive pre-election...
Economy 13.08.20 | 12:16

Authorities try to assure the depositors of the failed Eurostandard Bank

An incident was reported yesterday evening in Kavadarci when a man attempted to retrieve the money he has deposited in the Eurostandard Bank, that went under. Police had to be sent to defuse the situation. The bank, owned by oligarch Trifun Kostovski, who made his money in metal trading in the murky...

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