New Bulgarian Loan Restrictions Take Effect, Impacting Homebuyers
Starting today, new restrictions imposed by the Bulgarian National Bank (BNB) on housing loans will take effect
New Deputy Governor of Bulgarian National Bank Elected
- Tweet
Send to Kindle
Kalin Hristov, the current advisor of the BNB Governor Ivan Iskrov, was elected his new deputy on Thursday. Photo by Dnevnik
Bulgaria's parliament elected with an overwhelming majority Kalin Hristov for Deputy Governor of the central bank BNB.
MPs voted 174-2 for his candidature, while 28 abstained.
The nomination was supported by the members of all parliamentary groups except for those from the left-wing parties, who either voted against or abstained.
Kalin Hristov will come into office for a six-year term as BNB deputy governor on October 23, 2009. He will take over the Emission Department from outgoing deputy governor Tsvetan Manchev.
Unconfirmed reports in the spring of 2009 claimed that he was going to become a MP from the GERB party, and that he had been helping PM Borisov's party with its economic program.
Hristov has rejected both of these claims. His name was also mentioned as a potential Deputy Minister of Finance but he was not appointed to the new government.
The new Deputy Governor was elected by the Parliament on Thursday a day after the MPs rejected the candidature of the outgoing Deputy Governor, Nikolay Nenovski.
Related Articles:
Bulgarian National Bank Urges Caution as Mortgage Loans Surge by 25.5%
According to the Bulgarian National Bank (BNB), the expansion of mortgage loans continues as banks in Bulgaria report an increase in housing credit
Housing Loan Contracts via Credit Intermediaries Reach 8,533 in Bulgaria
In the first half of 2024, a total of 8,533 consumers secured housing or mortgage loans through credit intermediaries
Stricter BNB Regulations in Bulgaria Restrict Home Loans for 10% of Low-Income Applicants
Approximately 10% of individuals who previously qualified for home loans will no longer be eligible under new regulations set by the Bulgarian National Bank (BNB)
Bulgarian National Bank Predicts Continued Economic Growth and Inflation Deceleration
The Bulgarian National Bank (BNB) anticipates a gradual slowdown in annual inflation during the second half of the year, as outlined in Issue 2 of its quarterly publication
Can Bulgaria Meet Eurozone Inflation Requirements?
The Bulgarian National Bank (BNB) has revised its economic forecast for Bulgaria, adjusting expectations for inflation
Bulgaria Commits to 3% Budget Deficit in 2025, Finance Minister Confirms
Bulgaria's Deputy Prime Minister and Finance Minister, Lyudmila Petkova, confirmed that the draft budget for 2025 will target a deficit of no more than 3% of the country’s GDP
Bulgarian Retailers Prepare for Euro Transition Amid Complex Changes
Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro
Rising Debt Among Young Bulgarians: A Concern for Financial Literacy
The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria
Gross External Debt in Bulgaria Climbs, Driven by Long-Term Liabilities
At the end of July 2024, Bulgaria's gross external debt reached 43.69 billion euros
Bulgaria’s Finance Ministry Anticipates Meeting Eurozone Inflation Criteria by December
Bulgaria's Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met by December
Majority of Bulgarians Report Decreased Savings Amid Inflation Surge
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
