Bulgaria
BNB governor proposes Kostov as deputy
The governor of the Bulgarian National Bank (BNB), Ivan Iskrov, has proposed Dimitar Kostov as deputy governor of the central bank and head of the banking department.
BNB gets observer status at ECB meetings
The Bulgarian central bank will receive an observer status in the European System of Central Banks and in the European Central Bank General Council, after the country signs its accession treaty with EU in 2005, the Central Bank's governor, Ivan Iskrov…
Bulgaria plans 2009 euro introduction
Governor of the National Bank of Bulgaria Ivan Iskrov has announced that the BNB is ready to print euro banknotes and coins.
Bulgaria stretches path to euro
Bulgaria will join the single European currency no earlier than July 1, 2009 according to a source quoted by Novinite.
Hanke urges Bulgaria break from IMF
Professor Steve Hanke has strongly recommended that Bulgaria follow Moscow's example and end its relationship with the International Monetary Fund.
Bulgaria, IMF to agree anticorruption package
During the forthcoming IMF mission at the end of March Bulgaria will agree a package of measures to fight corruption.
Bulgaria plans to restrict central bank powers
Bulgaria's Parliament has passed amendments, at a first reading, to the state budget law concerning the powers of the governor of the Bulgarian National Bank.
Bulgaria National Bank gets new network system
The National Bank of Bulgaria will use the technology from Sydney-based Integrated Research (IR) to monitor and manage the national ATM network, according to a report by FinExtra.
Budget boost for BNB
Bulgaria's budget for 2004 will provide an extra 8.5 million leva for the National Bank of Bulgaria, reports the Sofia Echo. The largest part of the additional 8.5 million leva will be used for support of money flow, for which 5.2 million leva has been…
BGN 100 banknote introduced in Sofia
The governor of the National Bank of Bulgaria Ivan Iskrov introduced the first BGN 100 banknote in Sofia on Wednesday 3 december, according to a report by Sofia Morning News, with deputy governor Tsvetan Manchev explaining that the note will make cash…
Bulgarian national bank issues golden coin
The National Bank of Bulgaria is to issue a commemorative golden coin "The Blessing Virgin Mary" on Monday 1 December, according to the Sofia Morning News. 20,000 of the coins will be issued with nominal value BGN 20.
Interview with BNB's Tsvetan Manchev
In an extensive interview published by Capital weekly, the National Bank of Bulgaria's deputy governor Tsvetan Manchev said that the BNB plans to carry out vocational training of its staff in preparation to take an active part in the banking system of…
Bulgaria signs partnership against fake money
The National Bank of Bulgaria (BNB) has signed an agreement on the establishment of a national centre to analyse forged and counterfeit money, according to a report by the Sofia Echo. According to BNB governor Ivan Iskrov, the central bank has the…
KPMG selected as National Bank of Bulgaria auditor
KPMG was chosen on 7 November to audit the National Bank of Bulgaria's accounts a report said. Other candidates for the job were Ernst & Young and Deloitte & Touche, Novinite reported.
Forged currency centre idea for Bulgaria's c bank
Bulgaria is preparing to establish a centre to carry out analyses of all forged money seized in Bulgaria, according to the Sofia Morning News. Legislative changes will have to be made for setting up the centre, which will analyse Bulgarian levs, euros…
New Deputy Governor elected to Bulgaria c bank
Bulgaria's Parliament has elected Tsvetan Manchev deputy governor of the Central Bank and head of the Emission Department, according to a report by Novinite. He was previously executive director of the Agency for Economic Analyses and Forecasts with the…
Bulgarian c bank: Main challenge joining euro zone
Bulgaria's newly appointed central bank governor Ivan Iskrov has said that the main priority for the bank will be preparations for joining the eurozone, according to the Sofia Morning News. Former governor of the Bulgarian National Bank Svetoslav…
Bulgarian Parliament elects new central bank chief
Ivan Iskrov was elected governor of the National Bank of Bulgaria on Thursday 9 October after Parliament approved the appointment by 140 votes to 50 with 20 abstentions, according to a report by Bulgarian News Network
Election delay of BNB governor 'won't harm banks'
The postponement of the election of a new governor to the Bulgarian National Bank won't harm Bulgaria's banking sector, Finance Minister Milen Velchev has said according to Novinite.
Bulgaria rejects bid to speed up c bank election
A proposal by the deputy chair of the right wing opposition, Dimitar Abadzhiev to speed up the election of a new governor to the Bulgarian central bank before the summer recess was rejected by parliament this week, Novinite reported.
Governor of Bulgaria's central bank elected Sept
Latest estimates suggest Bulgaria will elect a new central bank governor in September, says Novinite. The farce which has dragged on for weeks looks set for completion then, Stanimir Ilchev, floor leader of the ruling Simeon II National Movement, said on…
Bulgaria c bank governor talks resume this week
Discussions over the appointment of a new governor for the national bank of Bulgaria will resume this week, according to Novinite. The announcement came a week after right-wing United Democratic Forces and the Socialist Party suspended negotiations and…
Stand-off in Bulgaria
The mess in the ECB appointment process also needs to be cleared up to set anexample to other countries as to how these things should be done. Bulgaria might have benefited from this.
Bulgaria c bank-Report warns on political decision
A report published Monday highlights the possibility of a politically motivated choice of the next governor of Bulgaria's national bank as a key risk, Novinite reported. "Bulgaria: Beyond the Facts" warns the decision may put at risk the independence of…