Petar Chobanov

Bulgaria is on track to meet the final requirement for eurozone membership, with expectations to fulfill the price stability criterion by the end of 2024.

Bulgarian President Rumen Radev has once again selected Dimitar Glavchev as the candidate for acting prime minister, according to a statement from the presidency. At noon today, August 22, Radev is scheduled to meet with Glavchev at the presidential palace to formally appoint him and direct him to propose the composition of an interim government.

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).

Boyko Borissov, leader of GERB, has downplayed the importance of selecting an acting prime minister, emphasizing that the party does not prioritize who assumes the role. Speaking at the parliament, Borissov remarked, "Candidates for prime minister are not a major concern for us. It might be best to consider everyone in Bulgaria as potential candidates.

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.

Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards.

As President Rumen Radev continues his quest to appoint an acting prime minister, Bulgaria encounters obstacles as potential candidates refuse the offer. Ombudsman Diana Kovacheva and Deputy Governor of the Bulgarian National Bank (BNB) Petar Chobanov are the latest to decline, complicating the country's political landscape.

In a significant step towards Eurozone integration, Bulgaria asserts its readiness to join the currency union without relying on exceptions, according to statements made by officials in Brussels. Petar Chobanov, Deputy Governor of the Bulgarian National Bank, emphasized Bulgaria's commitment to meeting the criteria for Eurozone membership during a conference organized by MEP Emil Radev.

With 207 votes "for", none against and no abstentions, the National Assembly adopted the additional budget extension with the proposed editorial proposals.

Lawmakers in Bulgaria have voted to approve on second reading changes to the Bank Insolvency Act paving the way for the publication of a report tracking the assets of insolvent Corporate Commercial Bank (Corpbank or KTB).

Until now the text was only available in Parliament's secret registry, which was not accessible to the general public but only to lawmakers.