Ivan Iskrov

Bulgaria celebrates 144 years since the creation of the Bulgarian lev. June and July are significant months in the country's monetary and financial history, marking the inception of several key institutions still influential today.

The Bulgarian National Bank (BNB) has taken measures to restrict lending and control the growth of inflation. The central bank's decision is to more than double the minimum required reserves of banks.

This is happening two days after the BNB reported as a risk the rapid growth of lending from commercial treasuries.

The Bulgarian National Bank will print the ballots for the European elections. This is stated in a decision published on the website of the Central Electoral Commission (CEC).
 

Bulgaria's central bank on Friday made public the remuneration packages of its former Governor Ivan Iskrov and his two deputies Kalin Hristov and Dimitar Kostov.

Parliament is to vote Wednesday on the appointment of the three Deputy Governors at the country's central bank, the Bulgarian National Bank (BNB).

Two committees of the Bulgarian Parliament will hold on Thursday hearings of the candidates for ombudsman and deputy governors of the Bulgarian National Bank (BNB).

The parliamentary Religious Denominations and Human Rights Committee will hold a hearing of the two candidates for ombudsman.

Dimitar Radev has been elected Governor of the Bulgarian National Bank (BNB).

Bulgaria's Parliament backed Radev out of a total of four candidates for the post.

Outgoing BNB Governor Ivan Iskrov was voted out of office by Parliament shortly before his successor was elected.

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.

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.

The budget and finance committee with the Bulgarian Parliament is due to hold on Thursday hearings of candidates to take over as Governors of the country's central bank.

This comes a day before lawmakers are due to point a successor to Ivan Iskrov, who stepped down in June a few months before his term had expired.