Simeon Djankov: Next 3-4 Months Will Be Hard for Bulgaria
"Three or four difficult months are in store for the Bulgarian economy.
Ginka Draganinska (L), together with Bulgarian former Finance Minister Simeon Djankov, at her 2010 replacement with Temenuzhka Petkova (R). Photo by Bulgaria's Ministry of Finance.
Bulgaria's Finance Minister Petar Chobanov has released Temenzhka Petkova and appointed Ginka Draganinska director of the state financial inspection agency.
Up to now, Draganinska served as the Public Financial Inspection Agency's vice-director, while in the past she has chaired the unit.
A finance graduate, Draganinska has since 1980 led a long career in government finance units.
She has been working at the Public Financial Inspection Agency and its predecessor agency since 2001, serving as their director 2001-10.
Temenuzhka Petkova replaced Draganinska as director in August 2010, after an appointment by then Bulgarian FinMin Simeon Djankov.
The Agency is an entity under Bulgaria's Minister of Finance that is in charge of inspections and audit of public finances in the country.
Bulgaria has taken on new debt amounting to 150 million euros through the issuance of government securities, according to results published on the Bulgarian National Bank (BNB) website.
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
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