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Emil Kyulev

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Emil Aleksandrov Kyulev (Bulgarian: Емил Александров Кюлев) (June 5, 1957 – October 26, 2005) was a Bulgarian banker, owner of DZI bank. He played a significant role in the development of Bulgaria’s banking sector during the post-communist transition and served as the president of the Bulgarian Swimming Federation. His assassination in 2005 drew international attention to issues of organized crime in Bulgaria.

Emil Kyulev
President of the Bulgarian Swimming Federation
In office
2003 – October 26, 2005
President, CEO & Owner of DZI bank
In office
1998 – October 26, 2005
Preceded byBank founded*
Succeeded byVesela Kyuleva
Personal details
Born
Emil Aleksandrov Kyulev

June 5, 1957
Sofia, Bulgaria
DiedOctober 26, 2005(2005-10-26) (aged 48)
Sofia, Bulgaria
Manner of deathAssassination

Life

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Emil Aleksandrov Kyulev was born on June 5, 1957, in Sofia, Bulgaria. He was an elite swimmer and also a member of the BUL Junior's National team excelling in breaststroke. Later he became the president of the board of directors of the Bulgarian Swimming Federation and served until his death.[1]

After retiring from competitive swimming, he pursued higher education at the University of National and World Economy in Sofia, specializing in finance and economics.[1]

Kyulev entered the financial sector during Bulgaria’s transition from communism to a market economy. In 1998, he acquired DZI Bank, which was facing financial difficulties, and restructured it. Under his leadership, DZI Bank attracted international investors and became known for its modern financial services.[2]

Kyulev was shot dead while driving his SUV down Boulevard Bulgaria in Sofia on October 26, 2005.[2][1][3] He was shot in broad daylight, a crime that was widely believed to be linked to organized crime networks.[3][2][4][5]

References

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  1. ^ a b c "Where Killing Is A Habit". The Economist. 27 October 2005. Retrieved 1 January 2025.
  2. ^ a b c Brunwasser, Matthew (1 December 2005). "A killing complicates Bulgaria's EU hopes". The New York Times. Retrieved 1 January 2025.
  3. ^ a b Eudes, Yves (13 January 2006). "This article is more than 18 years old Gangsterism holds a country to ransom". The Guardian. Retrieved 1 January 2025.
  4. ^ Chavdarov, Nikolai (2005-10-26). "Banker shot dead after EU warning on gang crime". The Guardian. ISSN 0261-3077. Retrieved 2025-01-06.
  5. ^ "Cablegate: Top Bulgarian Money Launderer Shot Dead in Sofia | Scoop News". m.scoop.co.nz. Retrieved 2025-01-06.