State Bank Head: Bulgaria in Strong Position to Join Eurozone Amid Global Uncertainty
Bulgaria is in a very strong initial position to join the eurozone
Leaders of political parties have arrived at Bulgaria's Presidency to attend consultations with head of state Rosen Plevneliev over the latest developments in the banking sector.
Prime Minister Plamen Oresharski, his deputy (and Justice Minister) Zinaida Zlatanova, Finance Minister Petar Chobanov and Parliament Speaker Mihail Mikov are also to take part in talks aimed at exploring the financial situation of the state.
Possible legislative amendments safeguarding the country's financial stability and preventing bank runs similar to those in June are also on the agenda.
Bulgarian National Bank (BNB) Governor Ivan Iskrov, alongside deputies Kalin Hristov and Dimitar Kostov, and Chief Prosecutor Sotir Tsatsarov will also be present.
President Plevenliev called consultations after a bank run prompted Corporate Commercial Bank (KTB) to request conservatorship from BNB in June.
After an independent audit was carried out at KTB, the central bank announced Friday it was taking away the license of Bulgaria's fourth-largest bank and was to declare it insolvent.
It also decided the state should step into KTB subsidiary Credit Agricole Bulgaria, with the nationalized bank receiving KTB customers' assets to protect people's savings.
More to follow.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria’s toll system now has the technical capability to track average vehicle speeds, as announced by the National Toll Management following a meeting with Regional Development Minister Violeta Koritarova.
The income required to cover living expenses for a working individual and a three-member family with a child under 14 has remained almost unchanged compared to June, according to an analysis by the Confederation of Independent Trade Unions in Bulgaria (CI
The Council of Ministers has adopted a resolution to set the minimum wage at 1,077 leva, reflecting a 15.
Every 20 minutes, fire alerts are received from across Bulgaria.
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
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