No candidacy for governor of the Bulgarian National Bank - BNB had been submitted to parliament by March 8, which was the deadline. The election of a central bank governor has been postponed once again and a new procedure is to be launched. Parliamentary parties had 20 days to nominate candidates, but no proposals were filed. The ruling coalition have not reached a consensus on a common candidate and negotiations continue.
The 6-year term of the current Governor of the BNB, Dimitar Radev, expired in July 2021. The terms in office of two of the Deputy Governors of the bank- Nina Stoyanova and Kalin Hristov, have also expired.
BNB expects inflation to continue accelerating until the end of the first half of the year, according to the Central Bank's economic review. This is likely to lead to tightening of monetary policy worldwide, the bank added.
Bulgaria faces yet another conundrum in finding a way out of what has become a permanent political crisis after President Rumen Radev refused to approve one of the ministerial names proposed by caretaker prime minister candidate Goritsa..
Bulgaria is facing the 7 th snap parliamentary election in a row in three years. The reason is that, once again, all three exploratory mandates for the formation of a cabinet which the president hands to parties represented in parliament have..
In the past few weeks, the new government in North Macedonia, led by Hristijan Mickoski, surprisingly demanded that the construction of the railway line to Bulgaria be stopped. The arguments are that the project for building the..
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