Bulgarian National Bank
Options for Choosing Caretaker PM Narrow, Says Bulgaria's President
President Rumen Radev expressed his concerns about the limited options available for selecting a caretaker prime minister, highlighting the challenges in the appointment process. The President's remarks came amid discussions to appoint a caretaker government and schedule new elections within two months, as mandated by Article 99 of the Constitution.
Bulgarian President Begins Consultations for Interim Prime Minister Amid Political Crisis
Bulgarian President Rumen Radev has initiated discussions with potential candidates for acting prime minister, marking a pivotal moment in the country's political landscape. With the resignation of Deputy Ombudsman Elena Cherneva Markova, the list of possibilities has narrowed to nine, prompting intense deliberations at the highest levels of government.
Surge in Home Loans Sets New Record in Bulgaria
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February, according to data from the Bulgarian National Bank (BNB).
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Cost of Euro Adoption in Bulgaria Estimated at Over Half a Billion Levs
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million. This disclosure accompanies the draft Law on the introduction of the euro, which was published by the Ministry on Tuesday.
Draft Law on Euro Introduction Open for Public Discussion
The Ministry of Finance has made public the draft Law concerning the implementation of the euro in the Republic of Bulgaria, inviting public discourse. The objective of this initiative is to facilitate the seamless integration of the euro into Bulgaria and enhance transparency and understanding regarding the adoption process of the unified European currency within the nation.
Bulgaria Starts Year with Current Account Surplus: BNB Data
The current account for Bulgaria in January 2024 showed a slight deficit of EUR 3.6 million, as reported by the latest data from the Bulgarian National Bank (BNB) regarding the country's balance of payments. However, this deficit marked a significant improvement compared to the previous year, with a deficit of EUR 267.7 million in January 2023.
IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria, led by Jean-Francois Dauphin, following consultations with Bulgarian authorities on macroeconomic indicators and financial policies.
Transition to Euro: Vasilev Advises Companies to Begin Preparations for Next Year
Finance Minister Asen Vasilev has issued a recommendation for Bulgarian companies to expedite their preparations for the transition to the euro next year as reported by BNR.
Bulgaria Sees Surge in Mortgage Loans: Record-Breaking Growth Fuels Property Market
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion. This unprecedented figure, revealed by the Bulgarian National Bank, marks a remarkable 18.77% increase from the previous year, fueling optimism within the property market.
Bulgaria to Nominate Kristalina Georgieva for Second Term as IMF Managing Director
Bulgaria is gearing up to nominate Kristalina Georgieva for a second term as the head of the International Monetary Fund (IMF), according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB) and the governor of the IMF for Bulgaria.