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Tsvetan Gounev arriving in court to hear the final ruling. Photo by BGNES
The Sofia City Court has ruled that Tsvetan Gounev, a Deputy Governor at the Bulgarian National Bank (BNB), is to vacate the office.
Gounev was charged with abuse of office in mid-June, days before the crisis at Corporate Commercial Bank (KTB) began.
In September both the Sofia City Court and the Sofia Court of Appeals rejected a request that he be dismissed.
On November 25 (just a day after he had returned to work following a five-month leave) prosecutors also charged Gounev with breach of duty and demanded his dismissal for a second time, arguing he might hinder the investigation by remaining in office.
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
Nikola Nikolov, known as "Pascal" and described by investigators as a long-standing figure in cigarette smuggling, has admitted guilt and finalized a plea deal with the prosecution
Authorities in Bulgaria are investigating a severe case of domestic violence in the village of Sitovo, Silistra region, after a man set a woman on fire and later took his own life.
Bulgaria’s Interior Ministry has seized a total of 1 million euros during ongoing operations targeting vote buying, according to an announcement by Acting Secretary General Chief Commissioner Georgi Kandev
A young man from Chirpan has died after spending months in a coma following a violent assault that reportedly began over a dispute involving cigarettes
A 53-year-old man with a criminal record has been detained in Bulgaria during a targeted police operation against vote buying, carried out in the village of Brestnitsa in the Lovech region
A criminal network linked to Bulgaria has been accused of defrauding dozens of elderly people in northern Greece through an elaborate telephone scam that resulted in losses exceeding 600,000 euros, according to Kathimerini.
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