Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The decision of the Governing Council of BNB is based on legal and factual grounds concerning various aspects and legal interpretations of the established incompatibility. They have to go through the prescribed mechanisms for judicial control and parliamentary review, the central bank announced.
The judicial control foresees a ruling by the Supreme Administrative Court in case of an appeal against the decision regarding incompatibility. The parliamentary review is in accordance with the Law on the Bulgarian National Bank, as the parliament is the only competent body that can prematurely release a member of the Governing Council of the BNB. Andrey Gyurov did not participate in the vote. The decision was unanimously adopted by the remaining six members of the council.
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