State Bank Head: Bulgaria in Strong Position to Join Eurozone Amid Global Uncertainty
Bulgaria is in a very strong initial position to join the eurozone
Bulgaria’s Parliament has officially dismissed Tsvetan Gounev from the post of Deputy Governor of the Bulgarian National Bank (BNB).
The dismissal was approved by a unanimous vote on Thursday, with 108 votes in favor.
Gounev faces charges of failure to fulfill his legal duty to implement supervisory measures against Corporate Commercial Bank (KTB, Corpbank) over irregularities and violations detected in its activities.
Gounev was charged with abuse of office on June 16, days before the crisis at Corporate Commercial Bank (KTB) began.
On November 25 he was also charged with breach of duty just a day after returning to office following a months-long leave. The prosecuting authority then demanded that he be dismissed.
Gounev’s dismissal from the post of Deputy Governor of BNB was ordered by the Sofia City Court on December 3, 2014 and upheld by the Sofia Appellate Court on December 11, 2014.
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
Finance Minister Temenuzhka Petkova has stated that Bulgaria is ready to join the eurozone
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at 'BBB' with a positive outlook
A recent large-scale online survey conducted by Tavex, involving thousands of participants engaged in gold and currency trading, has revealed that every second Bulgarian is against the country adopting the euro
The Bulgarian National Bank (BNB) predicts a significant decrease in the number of leva banknotes in circulation in the coming months
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase