Expats

Bulgaria's Largest Resort Sunny Beach Appoints New CEO [Nov 25, 2011] Bulgaria's largest Black Sea resort "Sunny Beach" Jsc has appointed Zlatko Dimitrov as its new CEO, according to a decision of its Board of Directors made Friday. Dimitrov, who is currently the Deputy Governor of the Burgas District, has been serving as the Chair of the Board of Sunny Beach, a position that he has now vacated; he is also set to quit his government job. Bulgaria's Deputy Economy ... [via YahooNews] More >>

Bulgaria Parliament Re-Elects C-Bank Deputy Chief [Apr 08, 2011] Bulgaria's parliament has supported the nomination of National Bank deputy governor Dimitar Kostov for a second six-year term. The proposal, tabled in parliament by the central bank governor Ivan Iskrov, was approved with 143 votes. Ten MPs voted against, while another six abstained. ... [via YahooNews] More >>

Bulgaria C-Bank Chief Stands by Deputy Kostov [Apr 07, 2011] Bulgaria's central bank Governor Ivan Iskrov has proposed to parliament to extend the term of his deputy Dimitar Kostov by another six years, the bank said in an e-mailed statement. Kostov, 57, has been serving as deputy governor of the Bulgarian National Bank, in charge of the Banking Department since 2005. His term in office ends on June 11, according to the central bank website. ... [via YahooNews] More >>

Bulgaria C-Bank Deputy Governor Plays Down Euro-Plus 'Blunder' [Mar 28, 2011] Bulgaria's central bank deputy governor has defended the prime minister for deciding to back the Berlin-inspired project "euro-plus pact", a move harshly criticized by the opposition and local experts. "From an economic point of view, now was not the right time to join the pact. Prime Minister [Boyko Borisov] however has more reasons for this step than just that.... [via YahooNews] More >>

Bulgaria C-Bank Deputy Governor Sees No Rush on Euro [Jun 07, 2010] The Currency Board is doing a good job in Bulgaria. We will hardly see any rush to join the eurozone in the short term, central bank Deputy Governor Kalin Hristov said at a financial seminar in Sofia. [via YahooNews] More >>

Bulgaria C-Bank Deputy Governor Sees No Rush on Euro [Jun 07, 2010] Bulgaria shouldnt rush to adopt the euro given that the currency board regime the country operates in serves it well, the central bank deputy governor commented on Monday. [via YahooNews] More >>

(AFX UK Focus) 2010-05-25 10:20 UPDATE 1-Bulgaria to target 4.8 pct/GDP fiscal gap in 2010 [May 25, 2010] BUCHAREST, May 25 (Reuters) - Bulgaria will target a budget deficit of 4.8 percent of gross domestic product under local accounting standards in 2010, far wider than initial estimates, central bank deputy Governor Kalin Hristov said on Tuesday. Bulgaria's admission last month that it had hidden the truth about the size of its 2009 deficit sent ripples across emerging Europe, raising concerns ... [via YahooNews] More >>

Crisis May Lead to Capital Transfers from Greece to Bulgaria (Novinite.com) [Mar 09, 2010] It is absolutely certain that Greek-owned banks are not draining liquidity from Bulgaria, according to Dimitar Kostov, Deputy Governor of the Bulgarian National Bank. [via YahooNews] More >>