Biser Manolov

Bulgarian Parliament to Elect New Central Bank Governor on July 14

The Bulgarian Parliament will elect the new governor of the Bulgarian National Bank (BNB) on July 14.

Bulgarian MPs decided on Friday to hold the hearing of the four candidates at an extraordinary sitting on July 14, daily Dnevnik reports.

The resignation of incumbent governor Ivan Iskrov, which had been announced in June, entered into force on Friday.

Bulgaria Has to Step up Banking Supervision - Candidate for New BNB Chief Radev

Strenghtening banking supervision and evaluation of banks' assets are key to successful reform of Bulgaria's banking sector, a nominee for a new chief of the country's central bank has said.

According to Dimitar Radev, the collapse of Corporare Commercial Bank, or KTB, has shown that Bulgaria is lacking tools for the restructuring of banks.