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 Socialist Prime Minister Sergey Stanishev has described as insolent hints that the centre-right opposition will topple the recently re-elected governor of the central bank if they come into power.
„It is an insolent and outrageous act to threaten that BNB governor Ivan Iskrov will be removed from his post," Stanishev commented on Wednesday, taking up a journalistic question.
Sergey Stanishev pointed out that despite the global crisis Bulgaria's fiscal reserve, a key factor for the stability of the country's financial system, has doubled over the last four years up to nearly BGN 8 B.
A month ahead of the general elections, Bulgaria's parliament reelected on May 28 for another six-year-term the current governor of the central bank BNB. Ivan Iskrov, 42, was supported by 165 votes in the 240-strong chamber, while 6 deputies were against.
The ruling majority rushed through Iskrov re-appointment in parliament just as easily as they filled in vacant posts in state institutions in a highly controversial vote earlier in the month.
The move was seen by the right-wing opposition as an attempt by the ruling majority to secure jobs for some of its MPs and install its protégées in key posts.
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