The governor of the Bulgarian National Bank (BNB) warned in an interview with Bloomberg that politics is becoming a major source of instability and risk for central banks, rather than a factor of stability as it used to be. According to Dimitar Radev, the European Central Bank’s future decisions on interest rates, in which he will participate from January 1, 2026 with Bulgaria’s entry into the eurozone, must be based on the global context and balance of risks, including geopolitical factors and the situation in world trade.
Radev says his knowledge of how a planned economy can fail will prove useful as European Central Bank officials grapple with the consequences of a new wave of interventionist governments in the common currency area.
Editor: Ivo Ivanov
Publication in English: Alexander Markov
Photo: BTA, library
On Wednesday at dawn, temperatures will range between 8 and 14°C , and up to 18°C along the Black Sea coast. In Sofia, it will be around 9°C. In the easternmost regions, low clouds are expected before noon, with morning mists possible in some low-lying..
Bulgaria will join the drone wall that the European Union plans to create soon along its eastern borders. Minister of Defense Atanas Zapryanov confirmed the news in Veliko Tarnovo, which was announced by the European Commission Spokesperson Thomas..
The Bulgarian Foreign Ministry is monitoring the case of Lyubomir Kirov, a dual Bulgarian-Ukrainian citizen who has reportedly been mobilised in Ukraine despite holding a disability certificate (TELK) for a serious arm impairment. The..
Bulgaria is celebrating 117 years since it proclaimed independence from the Ottoman Empire today. On 22 September 1908, Prince Ferdinand I read..
Traffic on Tsarigradsko Shose Boulevard in Sofia is blocked by two separate protests, by residents of the Gorublyane and Druzhba 2 neighbourhoods...
It will be clear and mostly calm during the night. On Tuesday morning, there will be temporary increases in cloud cover and reduced visibility in some..
Partly Cloudy
Mostly Cloudy