Bulgaria’s Finance Minister Calls For New Central Bank Governor

Business » FINANCE | November 15, 2014, Saturday // 10:27
Bulgaria: Bulgaria’s Finance Minister Calls For New Central Bank Governor Vladislav Goranov. Photo: BGNES

Bulgaria needs a new governor of the Central Bank (BNB) who will re-establish the trust in the banking system after the crisis with the Corporate Commercial Bank (KTB), said the Finance Minister Vladislav Goranov.

In an interview for the breakfast show of the Nova TV national channel he said he told that to BNB Governor Ivan Iskrov. “I told him that in the face, but he already knows it,” Goranov said. “They made a mistake, which the public cannot just let go like that. BNB failed in carrying out its oversight duties.”

According to Goranov, in the case with KTB the state, the law enforcement and the banking oversight organs failed and could not foresee and prevent what happened.

Regarding next year's state budget, Goranov said he will make an effort to bring the budget deficit down to the 3% of GDP limit, set by the EU, and will make sure that the state spends as much as it makes.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: BNB, KTB, Governor, finance minister, budget, oversight
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria