Ivan Iskrov

Bulgaria's Parliament is to elect a new Governor of the Bulgarian National Bank (BNB) by July 8 at the latest, according to Menda Stoyanova, Chair of the parliamentary budget and finance committee.

Stoyanova announced in a Wednesday interview for Bulgaria on Air TV that it was possible that the name of the successor of the incumbent, Ivan Iskrov, was clear by July 1.

The election of a new Governor of the Bulgarian National Bank (BNB) should be completed as fast as possible, according to Petar Andronov, Chair of the Association of Banks in Bulgaria.

The term in office of the current BNB Governor, Ivan Iskrov, expires in October.

Bulgaria's Prime Minister emphasized Bulgaria's progress in the fight against corruption and the informal economy and the efforts of the government to guarantee financial stability at a meeting with representatives of the International Monetary Fund (IMF) and the World Bank in Sofia.

MPs met on Tuesday the first nominee for governor of the Bulgarian National Bank (BNB) - Dimitar Radev.

Radev is currently working as an adviser at the International Monetary Fund (IMF) and has more than 20 years of experience in the Finance Ministry, twice having served as deputy minister.

Bulgarian Central Bank BNB's position on the developments at Corporate Commercial Bank (Corpbank or KTB) is a clear sign of the financial authority's "strong dependencies", KTB majority owner Tsvetan Vasilev has said.

Bulgarian businessman Tsvetan Vasilev has argued that an attack was carried out on his bank by an insider, but the scenario
for bringing it to a failure was prepared "outside."

Tsvetan Vaslilev, majority owner of collapsed Corporate Commercial Bank, has said the crisis at the bank has been orchestrated by politicians.

Bulgaria's Finance Minister Vladislav Goranov has suggested that a decision on appointing a new Governor of the Bulgarian National Bank (BNB) should be in place by end-April.

Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has submitted to Parliament a proposal for the appointment of Dimitar Kostov as head of the Bank Supervision unit of BNB.

The proposal was tabled at around 4 pm on Thursday, according to the press office of BNB, as cited by Darik radio.
Kostov is currently member of the Managing Board of BNB and heads its Banking unit.

Bulgaria's Supreme Administrative Court has delayed until February 9 hearings on the lawsuit launched by shareholders of collapsed Corporate Commercial Bank against the revocation of the bank's licence.