Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The decision of the Governing Council of BNB is based on legal and factual grounds concerning various aspects and legal interpretations of the established incompatibility. They have to go through the prescribed mechanisms for judicial control and parliamentary review, the central bank announced.
The judicial control foresees a ruling by the Supreme Administrative Court in case of an appeal against the decision regarding incompatibility. The parliamentary review is in accordance with the Law on the Bulgarian National Bank, as the parliament is the only competent body that can prematurely release a member of the Governing Council of the BNB. Andrey Gyurov did not participate in the vote. The decision was unanimously adopted by the remaining six members of the council.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..
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