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Bulgaria Parliament Releases Bank Governor after Resignation

Date: 26.08.2009

The Bulgarian parliament has released Bulgaria's Central Bank Governor, Ivan Iskrov, from his position as of October 10 after he handed in his resignation early Thursday.

108 MPs voted in favor of releasing Iskrov, including all the MPs from the governing GERB party, while 59 MPs voted against letting Iskrov resign, all of whom were from the previous tri-partite coalition government parties.

Iskrov is currently on holiday and his deputy Dimitar Kostov stated that it is not certain whether Iskrov will continue working until October 10.

At 08:35 the Bulgarian parliament received a request from Iskrov asking to be released from his position. He stated that the reason for his resignation was the new GERB government's decision to revoke the appointment of his deputy Nikolay Nenovski.

On Monday the parliamentary Budget Committee revoked the appointment of Nenovski as the Deputy Governor of Bulgaria's Central bank (BNB). The parliament also voted in favor of this decision on Thursday.

Bulgaria's PM Boyko Borisov was reported at the beginning of August to have given up on plans to oust Iskrov, reelected in a highly controversial parliamentary vote just before the elections.

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