TIM (Bulgaria)

TIM is an organized crime syndicate incorporated as a holding company based in Varna, Bulgaria.[1] The company is controlled by three veterans of an elite communist-era military unit: Tihomir Mitev, Ivo Kamenov, and Marin Mitev.[2] The abbreviation TIM stands for the first letters of each of the owners' first names.

According to a U.S. State Department cable leaked to the media by WikiLeaks, TIM has been engaged in organized criminal activities. As chronicled by German journalist Jan Puhl in an article for Der Spiegel, TIM started out as a private security firm in 1990s, whose starting capital was acquired through smuggling, prostitution, gambling, car theft, and drug trafficking. Subsequently, TIM invested its money in various legal ventures and grew into a holding company employing over 30,000 people, making it the largest and most influential employer in Varna.[3]

References

Matthew Brunwasser (May 10, 2013). "With Many Despairing, Bulgaria Heads to Polls". The New York Times. Retrieved May 11, 2013.
"Ascent of Bulgarian TIM". Capital.bg. Archived from the original on December 10, 2007. Retrieved 2009-06-18.
Jan Puhl: Bulgarien - In Flammen. Der Spiegel, issue no 19, 2013-5-6, pp. 86-88

Notes

Betty Ganeva: Pik-Dame und ihre erste private Stadt. Bulgarisches Wirtschaftsblatt, 2012-12-3
Bulgarian who set himself on fire new symbol of protests. Agence France-Presse, 2013-3-5

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[NYT51013-1] Matthew Brunwasser (May 10, 2013). "With Many Despairing, Bulgaria Heads to Polls". The New York Times. Retrieved May 11, 2013.

[2] "Ascent of Bulgarian TIM". Capital.bg. Archived from the original on December 10, 2007. Retrieved 2009-06-18.

[3] Jan Puhl: Bulgarien - In Flammen. Der Spiegel, issue no 19, 2013-5-6, pp. 86-88