New Chair of Bulgaria's Fiscal Council Elected

New Chair of Bulgaria's Fiscal Council Elected

Business

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.

Tags

Related articles

Romania Open for Business
Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.
Bulgarian Nurses Protest for Better Conditions
On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.
Investor Exodus Over Political Turmoil
Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.
Bulgaria Reports Q1 Budget Deficit
Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.