2nd Round of Talks on Bulgaria's Central Bank Governor Today

Business | June 27, 2003, Friday // 00:00

A second round of consultations between the parliamentary groups of the left-wing Coalition for Bulgaria, ruling Simeon II National Movement and its junior coalition partner the Movement for Rights and Freedoms is scheduled for this morning. A meeting in the same format was held two days ago.

The Bulgarian Socialist Party will back the candidacy of Ivan Iskrov for a new governor of the Bulgarian National Bank, provided that he vows not to undertake risky operations in managing the fiscal reserve, Socialist leader Sergey Stanishev said.

The actual policy of the bank's governor is what matters, Stanishev said, justifying fears voiced over Iskrov's intention to manage actively the fiscal reserve.

In the words of Plamen Panayotov, floor leader of the Simeon II National Movement, all three parties have shown an impressive sense of responsibility. He described the first round of talks as a step forward, since all participants have express similar views on the bank's policy.

The option of naming a third nominee will be considered today.

Ahmed Dogan, leader of the Movement for Rights and Freedoms, sounded upbeat on reaching consensus on a new BNB governor.
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