Dimitar Radev

The Bulgarian Parliament voted and elected Dimitar Radev as Governor of the Bulgarian National Bank (BNB) with a mandate of 6 years. He was nominated by GERB-SDS.

By the end of the year, commercial banks will be technically ready to accept the euro, according to, Dimitar Radev, Governor of the Bulgarian National Bank (BNB). He said this during his hearing by the parliamentary committee on European Union issues.

"Nobody doubts that there will be no rotation, right?" This was stated by GERB leader Boyko Borissov on the sidelines of parliament regarding the disagreements with the WCC-DB. According to him, they are doing everything "which is on the record" - changing personnel in ministries, agencies, regulators and "appointing their own people everywhere".

The pro-Russian "Vazrazhdane" party demanded the resignation of the governor of the Bulgarian National Bank (BNB), Dimitar Radev. According to them, he has started implementing the plan to introduce the euro.

Bank accounts will automatically be converted from BGN to EUR on the day of the introduction of the single European currency, emphasized the Governor of the Bulgarian National Bank (BNB) Dimitar Radev in his publication in the bulletin of the Association of Commercial Banks.

The Governor of the Bulgarian National Bank (BNB) Dimitar Radev warned of a possible deterioration of the economic crisis. The warning made on the eve of Banker's Day - December 6is published in the traditional bulletin released by the Association of Commercial Banks.

The Bulgarian lev is undervalued, Bulgaria's Finance Minister Vladislav Goranov said, referring to econometric models for evaluating the exchange rates used by the IMF.

Bulgaria's President Rumen Radev met Governor of the Bulgarian National Bank (BNB) Dimitar Radev on February 13. The focus of the meeting was Bulgaria's announced intention to join the Exchange Rate Mechanism II (ERM II), which is the first mandatory step for joining the euro area, BNT reported.

After consultations with the political forces in parliament, Finance Minister Vladislav Goranov stated that until its entry into the Eurozone Bulgaria will not change the exchange rate of the Bulgarian Lev which is now pegged to the Euro at EUR 1 to BGN 1.95583, BNR reported.

Bulgaria is expected to enter the euro zone waiting room by the end of April. This was announced on January 28 by Prime Minister Boyko Borissov, who attended the annual meeting of the business with the government, organized by Capital newspaper, BNT reported.