Simeon Djankov: Next 3-4 Months Will Be Hard for Bulgaria
"Three or four difficult months are in store for the Bulgarian economy.
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.
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Bulgaria’s annual inflation rate climbed to 4.4% in June 2025, marking its highest point since December 2023
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
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