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Bulgaria PM Boyko Borisov (R) personally minted a coin after he held a meeting regarding banking stability with the BNB Governor Ivan Iskrov (L) on Thursday. Photo by BGNES
Bulgaria PM and Bulgarian National Bank (BNB) Governor Ivan Iskrov have held a meeting to discuss the stability of Bulgaria’s banking system Thursday morning.
After Borisov and Finance Minister Simeon Djankov met with Iskrov, all three assured that the banking system in Bulgaria is stable in the short and long term.
Borisov added that interest rates on loans have begun to fall, but that this should not happen too fast. He also stated that the fiscal reserve is in the Bulgarian National Bank and “hasn’t got anywhere to go," referring to the recent controversy about ex Finance Minister Plamen Oresharski striking a secret deal with Central Bank Governor Iskrov, back in May 2008 for depositing 14% of the fiscal reserve into commercial banks.
He concluded by saying that in Bulgaria the financial crisis is not serious enough to hit people's savings.
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.
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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
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Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
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
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
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