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Tsvetan Gunev was nominated by the central bank governor Ivan Iskrov and is believed to be backed by the Socialist and ethnic Turkish parties, a speculation, which they deny. Photo by BGNES
Bulgaria’s Parliament approved on Wednesday the appointment of Tsvetan Gunev as deputy governor of the Bulgarian National Bank (BNB) in charge of bank supervision.
The new deputy governor at Bulgaria’s central bank was elected with the votes of 175 MPs, two voted against and two abstained.
Gunev will take over from incumbent Rumen Simeonov on June 16 for a term of six years. Simeonov has been in charge of bank supervision at the BNB for the past six years.
Gunev has been working at the central bank since 1992, most recently he was in charge of the supervision and monitoring of credit institutions.
His nomination took by surprise the country’s banking sector as most believed that Simeonov will be nominated for a new term.
Gunev was nominated by the central bank governor Ivan Iskrov and is believed to be backed by the Socialist and ethnic Turkish parties, a speculation, which they deny.
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
The Bulgarian National Bank reported that by March 27, 2026, the transition from the lev to the euro is progressing in line with the established legal framework and previously approved operational plans.
The Bulgarian National Bank (BNB) has warned that inflation in Bulgaria is projected to rise to 3.7% in 2026, with geopolitical tensions in the Middle East identified as a key external risk factor
The case surrounding acting Prime Minister Andrey Gyurov and his removal from the Bulgarian National Bank has returned to the spotlight, though much of the public interpretation appears to go beyond what has actually been established
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
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