Political Consultations on Bulgaria's KTB Affair Kick Off
Leaders of political parties have arrived at Bulgaria's Presidency to attend consultations with head of state Rosen Plevneliev over the latest developments in the banking sector.
Prime Minister Plamen Oresharski, his deputy (and Justice Minister) Zinaida Zlatanova, Finance Minister Petar Chobanov and Parliament Speaker Mihail Mikov are also to take part in talks aimed at exploring the financial situation of the state.
Possible legislative amendments safeguarding the country's financial stability and preventing bank runs similar to those in June are also on the agenda.
Bulgarian National Bank (BNB) Governor Ivan Iskrov, alongside deputies Kalin Hristov and Dimitar Kostov, and Chief Prosecutor Sotir Tsatsarov will also be present.
President Plevenliev called consultations after a bank run prompted Corporate Commercial Bank (KTB) to request conservatorship from BNB in June.
After an independent audit was carried out at KTB, the central bank announced Friday it was taking away the license of Bulgaria's fourth-largest bank and was to declare it insolvent.
It also decided the state should step into KTB subsidiary Credit Agricole Bulgaria, with the nationalized bank receiving KTB customers' assets to protect people's savings.
More to follow.
- » President Rumen Radev to Attend NATO Summit in Brussels and Make Official Visit to Vatican
- » Vice President Iliyana Yotova: 'We Cannot Have Other Priority Than Education'
- » President Rumen Radev: 'In The Hierarchy of Spirit and Culture, the Leaders are Not Politicians but the Knights of Letters
- » 6km Queue of Cargo Vehicles at Kapitan Andreevo Border Checkpoint
- » Bulgarian Delegation Visits Rome for May 24
- » PM Boyko Borisov: 'Investment in Education of Future Generations is Among our Main Aspirations Today'