Central Bank Chief: Euro Adoption Successful, Growth Steady, Inflation Easing in Bulgaria
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
Kalin Hristov. Photo: BGNES
Boyko Borisov, leader of center-right party GERB, has suggested that Kalin Hristov must replace Ivan Iskrov at the post of Governor of the Bulgarian National Bank (BNB).
Hristov is a member of the current Managing Board of the Bulgarian National Bank.
One year ago, Hristov was Finance Minister in the caretaker government headed by Marin Raykov, according to reports of the Bulgarian National Radio.
In response to Borisov's proposal, Atanas Merdzhanov, Chair of the parliamentary group of the Bulgarian Socialist Party (BSP), said that the entire Managing Board of BNB had to be replaced but the decision for that had to be taken by the next Parliament.
Earlier on Friday, President Rosen Plevneliev insisted that the Parliament come up with a statement on the personnel problem at BNB as soon as possible, warning that the politicians would otherwise have to refrain from comments which could erode trust in BNB.
In a statement to the existing Parliament, Plevneliev reiterated his call for an update of the state budget and for allowing the caretaker government to take external loan.
BSP opposed the motion decisively.
The leader of GERB (Citizens for European Development of Bulgaria) proposed a compromise solution involving that the Parliament adopt the state budget update as requested by the former socialist-led government.
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
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
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
The Coordination Center for the Euro Adoption Mechanism held its regular briefing yesterday, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situatio
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