Bulgarian Parliament Adopts Rules for Electing New BNB Deputy Governor

Bulgaria 13 February 2025 21:00

The Bulgarian National Assembly has approved rules for nominating and electing a new deputy governor of the Bulgarian National Bank (BNB) responsible for banking supervision. The rules, passed by a vote of 113-66 with 20 abstentions, outline the nomination process, candidate hearings, and election procedure, CE Report quotes BTA

The BNB governor will submit a nomination to the Budget and Finance Committee within seven days of the rules' adoption. The candidate must secure a majority of votes from MPs present in the chamber to be elected.

This election comes as the current deputy governor, Radoslav Milenkov, nears the end of his term on March 22, 2025. According to the BNB Act, a successor must be chosen two to three months before a sitting member’s term expires.

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Bulgarian Parliament Adopts Rules for Electing New BNB Deputy Governor

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