Bulgarian Finance Minister Petar Chobanov. Photo by BGNES
Excessively emotional political messages by GERB party's leader Boyko Borisov could lead Bulgaria to destabilization, Finance Minister Petar Chobanov said.
In an official statement to the media he warned against "uncontrollable and incompetent" comments on "sensitive" issues such as financial security and stability of the state.
"I firmly insist that attempts at destabilization be stopped - there is a date for early elections, consultations are under way, and leaders of parliamentary parties are looking for the best formula for the country's future and are aiming to overcome political instability we are observing after the EU elections," Chobanov stressed.
Chobanov underscored that Bulgaria's financial stability had been confirmed by international institutions.
He cited as an example a "wide range" of European investors that Sofia managed to attract for its latest EUR 1.493 B (roughly BGN 2.486 B) debt emission earlier this week.
Similar rumors led last week another Bulgarian bank, the Corporate Commercial Bank (KTB), to exhaustion of liquidity and forced it to demand that the BNBplace it under conservatorship.
Jean-Francois Dauphin, the head of the International Monetary Fund (IMF) mission in Bulgaria, has expressed confidence that Bulgaria's accession to the Eurozone by 2025 is a realistic goal
Bulgaria is gearing up to nominate Kristalina Georgieva for a second term as the head of the International Monetary Fund (IMF), according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
IMF Managing Director Kristalina Georgieva delivered a keynote address at the World Government Summit in Dubai, where she offered insights into the state of the global economy and shared her perspectives on various pressing issues
The International Monetary Fund (IMF) has cautioned European governments against yielding to demands for increased financial support for protesting farmers, stating that such actions could have regrettable consequences
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
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