Bulgarian National Bank Projects Stronger Domestic Growth Through 2027
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
Capt. Stefan Stefanov argued he had decided to come to NOVA TV in person after the sculptor and former Culture Minister Vezhdi Rashidov, a customer of Tsvetan Vasilev's KTB, alleged the banker's private plane had been used to take BGN 1.2 B out of the cou
Captain Stefan Stefanov, who flies the airplane owned by Bulgarian banker Tsvetan Vasilev, has asserted no money was on board as Vasilev left Bulgaria in June.
His comments came just two days after it was reported that Vasilev withdrew BGN 206 M (EUR 103 M) from the Corporate Commercial Bank (KTB), where he is the major shareholder, just before it asked Bulgaria's central bank to be placed under conservatorship due to exhaustion of liquidity.
On Friday the Bulgarian National Bank (BNB) also announced BGN 3.5 B (EUR 1.75 B) were missing from KTB's BGN 5.4 B worth credit portfolio, according to results of an independent audit at the fourth-largest Bulgarian bank.
The outcome of the inspection forced BNB to revoke the bank's license and to nationalize its subsidiary Credit Agricole Bulgaria.
Speaking on national channel NOVA TV's Sunday breakfast show, Stefanov showed documents containing an inventory of people and items on board.
Two passengers, Vasilev and his wife prof. Vasileva, with two suitcases, were on the airplane as it left Bulgaria on June ????, the paper reveals.
Stefanov added Vasilev usually "carried one or two suits when he had meetings".
The pilot told NOVA TV he had personally requested to appear in the morning program to answer to claims made by renowned sculptor and former Culture Minister Vezhdi Rashidov on Friday, as BNB announced its measures on Vasilev's bank.
Submitting a file to the Sofia Prosecutor's Office, Rashidov, who is also an opposition MP, explained he had evidence that the private aircraft of Vasilev had flown out of Bulgaria with BGN 1.2 B (EUR 0.6 B) on board.
In his view, the banker had committed a robbery "at his own bank, but [had taken] others' money".
His allegations came as BNB also cited the auditors' finding that a total of BGN 1 B (EUR 0.5 B) had been withdrawn from the bank just in three days between June 18 and 20, before the special supervision was imposed on KTB.
On Sunday, a day before Stefanov's interview, Sofia Airport VIP Terminal Director Boris Popov was surprisingly dismissed, with some reports claiming Vasilev used the terminal to fly away from Bulgaria in June.
Bulgaria's Customs Agency has declined to comment on such information.
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
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation
As Bulgaria phases out the lev at the end of January, the numismatic market is already responding to the change, though not all coins are attracting attention.
The shift to the euro in Bulgaria is proceeding more smoothly than many anticipated, according to Petar Ganev, senior economist at the Institute for Market Economics
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence