Bulgaria is ranked 106th out of 180 countries in the World Press Freedom Index, the lowest position in the European Union. This is due to an environment dominated by corruption and collusion between media, politicians and oligarchs, who include Deylan Peevski, Bulgaria’s intelligence chief and owner of the New Bulgarian Media Group (which has six newspapers). The Commission for Financial Supervision acts as a “media cop,” imposing fines, ordering journalists to reveal their sources and deterring them from shedding light on problems with the country’s banks and the banking regulatory system.