Bulgaria
World Bank appoint new country manager to Bulgaria
BULGARIA - The World Bank has announced that Oscar de Bruyn Kops had been appointed World Bank Country Manager to Bulgaria.
Bulgaria c-bank fx reserves down on Brady payment
BULGARIA - The foreign exchange assets of the Bulgarian National Bank's (BNB) Issue Department fell by a net 167.3 million euros ($146.3 million) after Bulgaria paid coupon on its Brady bonds, a central bank official said on 30 July.
IMF appoints representative to Bulgaria
BULGARIA - Piritta Sorsa has been appointed as IMF's resident representative to Bulgaria.
Bulgaria's BNB in dispute with Mileti Mladenov
The Bulgarian National Bank and the Deposit Guarantee Fund got involved in a strange dispute when the draft law on bank insolvency was discussed by the parliamentary legal committee. The reason for the dispute was that Mileti Mladenov, head of the Fund,…
Ex-head Bulgarian cbanker charged with fraud
Stoyan Shoukerov, former head of the Foreign Exchange Operations Department of the National Bank of Bulgaria (BNB), has been charged with abuse of office in connection with the refinancing of commercial banks with 49 million dollars, the Special…
Bulgarian premier urges banks to lend more
Bulgarian prime minister Ivan Kostov on Tuesday urged local bankers to lend more to boost economic growth instead of keeping funds deposited abroad. Central bank governor Svetoslav Gavriiski said at the same meeting he expected increased lending to…
Bulgaria to keep currency board until joins EU
Bulgaria will keep its currency board until it joins the European Union, and will reduce borrowing from international lenders such as the International Monetary Fund and the World Bank, Prime Minister Ivan Kostov said Monday.
Bulgaria's dollarisation debate
A new website set up by three economists at the Bulgarian National Bank wants to stimulate debate over whether Bulgaria should euroise its economy.