Dimitar Radev

The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector. Governor Dimitar Radev argued that implementing such a measure to address next year's budget deficit would result in higher credit costs and negatively impact the stability of Bulgaria's financial system.

President Rumen Radev emphasized the stability of the Bulgarian National Bank (BNB), describing it as one of the most secure financial institutions in Europe, despite ongoing political instability. He made these remarks during the swearing-in ceremony for Lyubomir Karimanski, who joined the Governing Board of the BNB.

Two of the candidates from the president's "home list" have agreed to serve as the next acting Prime Minister. This follows meetings with President Rumen Radev, who is still deliberating on the final decision. The two individuals are current acting Prime Minister Dimitar Glavchev and Petar Chobanov, the Deputy Governor of the Bulgarian National Bank (BNB).

If the third mandate to form a government fails, Bulgaria will face early parliamentary elections in mid-October. Despite hopes from "There Is Such a People" (TISP) for a successful third-term government, forecasts suggest that the 50th National Assembly may not be able to establish a regular cabinet, "Dnevnik" reports.

Bulgarian National Bank Governor Dimitar Radev emphasized in a recent BNT documentary that the delay in Bulgaria's entry into the Eurozone is primarily a political issue.

Is there a property bubble forming in Bulgaria? Predicting such market phenomena is notoriously tricky, often resembling guesswork more than science, especially in a country like Bulgaria, where market unpredictability reigns even after 35 years of market reforms.

A recent survey conducted on our Facebook page has shed light on public sentiments regarding Bulgaria's potential accession to the Eurozone.

Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026, in an interview with BNR. He cited the recent decrease in inflation reported by the National Statistical Institute (NSI) as a positive sign, indicating progress towards meeting the criteria for Eurozone entry.

This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia

According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June. Radev made this announcement during a conference organized by the Association of Honorary Consuls, which focused on Bulgaria's Eurozone accession.