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Bulgarian National Bank (BNB) headquarters in downtown Sofia, Bulgaria. Photo by BGNES
A hearing of the four nominees to take over as the Governor of the Bulgarian National Bank (BNB) is due next week, Parliament's Budget and Finance Committee has announced.
The development comes just hours after the incumbent Ivan Iskrov, whose term was to expire in October, stepped down.
His resignation, which he announced in an open letter sent to the media and uploaded on the BNB's website, will be in force as of July 10, when the interim period leading to the official end of his term begins.
Four contenders are vying to replace him, with Dimitar Radev, backed by the main ruling party GERB, being considered the most likely successor.
Radev is a seasoned economist with experience at the International Monetary Fund, but underlined those of other candidates as well. GERB endorsed his candidacy, and the Reformist Bloc tabled its own proposal but said it was not against that of its coalition partner.
ABV's contender is Victor Yotzov, who previously worked at the Economic Analyses department at the BNB.
The PF nominated Grigorii Vazov, who heads the University of Finance, Business and Entrepreneurship (VUZF) and who previously served as Deputy Economy Minister.
Biser Manolov, backed by the Reformist Bloc, headed the Deposits Insurance Fund in 2003-2011, and is still part of the fund's Governing Council.
During a gathering in Stara Zagora with nearly 1,000 mayors from villages, municipalities, and regional cities, GERB leader Boyko Borissov spoke candidly about the party’s achievements and the upcoming electoral challenges
GERB leader Boyko Borissov met with ministers from the outgoing “Zhelyazkov” cabinet after they formally handed over power to the caretaker government, using the gathering to review the work of the administration and outline the party’s next political ste
GERB is set to hold a reporting and election national assembly on March 22 in Sofia, marking the start of the campaign for the early parliamentary elections scheduled for April 19
On Monday, Delyan Dobrev, chair of the parliamentary Budget and Finance Committee, former minister and long-standing figure in GERB, is expected to submit a request to withdraw both from the party’s Executive Committee and from parliament
GERB leader Boyko Borissov has confirmed that he will not be a candidate in Bulgaria’s 2026 presidential elections, reaffirming his longstanding disinterest in the office.
President Iliana Yotova has launched the second phase of consultations with parliamentary groups on the appointment of an acting prime minister, starting with the GERB group
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
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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