Survey: GERB Set to Dominate Next Parliament with 80 Deputies, WCC-DB to Lose More Seats
The upcoming composition of the 50th National Assembly projects GERB to secure 80 seats, a slight increase from their current 69
Vladislav Goranov, former MP from center-right party GERB (Citizens for European Development of Bulgaria), is to become Executive Director of Municipal Bank PLC.
The nomination of Goranov, Deputy Finance Minister during the term in office of the GERB government, is to be approved by the Bulgarian National Bank (BNB).
In an interview for Capital daily, Goranov informed that he had been invited to become Executive Director of Municipal Bank PLC by the main shareholder of the bank, the Sofia Municipality.
The Sofia Municipality controls a 67.65% stake in Municipal Bank PLC. The remaining part of the capital is owned by companies related to energy tycoon Hristo Kovachki, which acquired a blocking quota in its management in 2004.
In end-2011, after the intervention of BNB, the Sofia Municipality managed to regain control of the bank and announced its plans for modernization.
In end-2013, the topic of the privatization of the credit institution surfaced yet again. The bank is expected to have a new owner by end-September.
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In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU