New Chair of Bulgaria's Fiscal Council Elected

New Chair of Bulgaria's Fiscal Council Elected

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On Thursday, the Bulgarian Parliament elected Simeon Djankov as the new chair of the Fiscal Council, following a nomination by the GERB-UDF parliamentary group. Djankov secured 118 votes in favor, with 17 against and 12 abstentions, CE Report quotes BTA

With 30 years of experience in public finance, Djankov has worked at the World Bank, the Peterson Institute, and prestigious universities such as Harvard and the London School of Economics. He served as Bulgaria's Minister of Finance from 2009 to 2013 and as Chairman of the European Bank for Reconstruction and Development. Djankov has also advised international organizations and governments on public finance management.

Alongside Djankov, four other members were approved: Lyubomir Datsov, Desislava Kalcheva (both GERB-UDF), Bogomil Manov (BSP-United Left), and Atanas Atanassov (There Is Such a People). The candidate of the Democracy, Rights, and Freedoms, Erdoan Ahmedov, did not receive enough votes.

The newly elected chair and members took an oath before the National Assembly and will serve a six-year term.

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