Send to Kindle
Tsvetan Gounev arriving in court to hear the final ruling. Photo by BGNES
Sofia Court of Appeals has turned down the request for dismissal of Tsvetan Gounev as BNB Deputy Governor.
The ruling, which follows a similar move from the Sofia City Court, has been explained with "lack of evidence".
Magistrates at the appellate court have said the mere fact that Gunev was indicted on the eve of the developments at Corporate Commercial Bank (Corpbank or KTB) is not an evidence in itself to lead to Gunev's dismissal, the Bulgarian National Radio reports.
The Deputy Governor of the Bulgarian National Bank (BNB), for his part, has only commented on the liquidity problem at KTB, saying it was provoked by a "media campaign".
In his view, the issue cannot be resolved overnight.
"It is as if someone asked me for BGN 200 and I had just three," he has added.
The ruling cannot be appealed.
Gounev was charged with abuse of office in mid-June, days before the KTB affair began.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations
Bulgaria's Gross External Debt stood at approximately EUR 42,410 million by the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB)
During a parliamentary budget committee meeting, Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), advocated for a strategic fiscal approach, proposing a 10% buffer allocation within the budget for 2024
In a recent meeting between the Economic and Social Council (ESC) representatives and the Bulgarian National Bank (BNB) Governor Dimitar Radev, the ESC reaffirmed its staunch support for Bulgaria's accession to the eurozone by January 1, 2025
A significant shift is on the horizon for Bulgaria's financial landscape as the Bulgarian National Bank (BNB) gears up for its integration into the Eurozone by January 1, 2025
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
