Wealth Concentration Grows: Bulgaria Sees Sharp Rise in High-Value Deposits
The latest data from the Bulgarian National Bank reveal a striking growth in large household deposits by the end of December 2025.
Menda Stoyanova (L), head of budget and finance commitee in Bulgaria's parliament. Photo BGNES
Bulgaria’s central bank governor Ivan Iskrov has said he will resign on 19 June, BGNES reported on Thursday.
“Iskrov has said he will step down the moment we submit a nomination for Bulgarian National Bank (BNB) governor,” the news outlet quoted the head of the parliament’s budget and finance committee, Menda Stoyanova, as saying.
“We set 19 June as the date jointly with him,” Stoyanova said, adding Iskrov made the statement in an informal conversation with her last week.
Stoyanova told Bulgaria on Air TV station on Wednesday that the name of Iskrov's potential successor could possibly become known by July 1.
No comment from Iskrov has been immediately available.
Financier Levon Hampartzumyan has forecast a gradual rise in loan interest rates in Bulgaria, noting that current levels are historically very low and cannot be sustained indefinitely.
The withdrawal of lev banknotes and coins is continuing in line with the approved schedule, although the pace of the process is expected to ease in the coming period
Bulgaria has officially launched the 2026 tax campaign for income earned in 2025, and early results show strong public engagement.
The latest data from the Bulgarian National Bank reveal a striking growth in large household deposits by the end of December 2025.
In the final quarter of 2025, Bulgaria’s economy showed signs of slowing, with gross domestic product (GDP) rising by 2.9 percent year-on-year, down from 3.1 percent in the same period of 2024.
The introduction of the euro in Bulgaria is unfolding in line with expectations, according to Bulgarian National Bank Governor Dimitar Radev, who spoke at an economic forum in Sofia hosted by The Economist magazine.
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