Simeon Djankov: Next 3-4 Months Will Be Hard for Bulgaria
"Three or four difficult months are in store for the Bulgarian economy.
Finance Minister, Simeon Djankov (center) with ongoing PFIA Director, Ginka Draganinska (l) and the new one, Temenuzhka Popova (r). Photo by Finance Ministry.
Temenuzhka Popova will be the new Head of Bulgaria's Public Financial Inspection Agency (PFIA), effective August 1, 2010.
The information was reported Monday by the Finance Ministry's press center. The term of the current PFIA Director, Ginka Draganinska, expires now and she will be appointed Deputy Director. Finance Minister, Simeon Djankov, congratulated Draganinska for her good work.
Popova, on her part has a 20-year career and experience in State finances control as auditor, and head of several departments.
PFIA is an administration under the minister of finance created in 2006 after a significant reform in the scope of Public Internal Financial control (PIFC). The main task of the Public Financial Inspection Agency is to protect public financial interest trough the implementation of financial inspections for the adherence to normative acts of all budget or accounting activity of organizations and persons involved in public finance.
The first month following the introduction of the euro and the period of dual circulation with the lev has now ended, providing a clearer picture of how the transition is unfolding.
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
From February 1, 2026, Bulgaria officially completes its transition to the euro, which now serves as the country’s sole legal currency.
Bulgaria is facing rising living costs, with service prices still climbing, according to economists. Authorities have already flagged the most frequent violations of the Law on the Euro since the start of the year, largely in the form of unjustified incre
Bulgaria is moving forward with the transition to the euro, preparing to produce its first euro banknotes under the quota assigned by the European Central Bank.
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace