Central Bank Chief: Euro Adoption Successful, Growth Steady, Inflation Easing in Bulgaria
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
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.
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
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
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
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