Bulgaria Marks 125th Anniversary of Electric Tram with New Euro Coin
The Bulgarian National Bank (BNB) is marking the 125th anniversary of the electric tram in Bulgaria with the release of a new silver collector coin.
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.
Bitcoin prices recently faced a correction, with significantly increased market volatility.
Bulgaria’s transition to the euro is proceeding smoothly, marking a major step in the country’s full integration into the European Union, according to an analysis by the Fiscal Council.
The Coordination Center for the Euro Mechanism provided an update on the implementation of the euro in Bulgaria, highlighting that the process is progressing in an orderly and coordinated manner
Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
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