Bulgarian MPs Set Upper Limits on Wages at Financial Regulator FSC
The Bulgarian legislators have imposed an upper limit for salary of the head of the country’s financial regulator, making it equal to the wage of the Speaker of Parliament.
Bulgaria's new premier Boyko Borisov has apparently given up plans to oust the central bank governor, reelected in a highly controversial parliamentary vote just before the elections.
The reelection of Ivan Iskrov, member of the centrist party of Simeon Saxe-Coburg, at the end of May was believed to be a trump card for pressing the formation into making concessions in the sharing out of key posts in the state among members of the ruling coalition.
This scenario failed after the former ruling Socialist-led coalition suffered a crushing defeat in the general elections on July 5, while the centrist party of Saxe-Coburg even did not manage to make it to the next parliament.
The term of the current governor of the Bulgarian National Bank Ivan Iskrov expires on October 9. Under local legislation a new governor can be appointed no earlier than three months and no later than two months before the term of the previous term expires.
This penned the date for new appointment no earlier than July 9, when the previous parliament was already dissolved, and no later than August 9, when the new parliament is in a summer recess.
It was not immediately clear what brought about the U-turn in GERB firm initial decision to replace BNB governor. All possibilities for ousting Ivan Iskrov will be irreversibly gone after October 9 when his new term starts.
Reports have been pointing to Petar Andronov, chief executive of EIBank, majority-owned by Belgian KBC, as his most likely successor.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022