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Delayed Election of Central Bank Governor "Won't Do Harm"
Business | July 31, 2003, Thursday // 00:00
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The postponed election of a new governor for the central bank won't bring any harm to Bulgaria's banking sector, the country's Finance Minister Milen Velchev said Thursday.
Bulgaria's national currency rate remains stable, Velchev added.
The election of a new governor has been delayed for weeks following the end of the last mandate over a passionate row between the supporters of the different candidates for the post. The two who applied to head the central bank were incumbent governor Svetoslav Gavriiski and member of the ruling Simeon II National Movement Ivan Iskrov.
Bulgarian Parliament rejected July 30 a proposition to elect a new governor before August's summer recess.
Bulgaria's national currency rate remains stable, Velchev added.
The election of a new governor has been delayed for weeks following the end of the last mandate over a passionate row between the supporters of the different candidates for the post. The two who applied to head the central bank were incumbent governor Svetoslav Gavriiski and member of the ruling Simeon II National Movement Ivan Iskrov.
Bulgarian Parliament rejected July 30 a proposition to elect a new governor before August's summer recess.
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