Bulgaria’s deputy central bank governor resigns

SOFIA (Reuters) – Bulgaria’s deputy central bank governor in charge of banking supervision, Dimitar Kostov, will offer his resignation to parliament, the central bank said in a statement on Friday.

Kostov, 61, appointed to the post in July 2015, said intensive work at his department over the past years meant he wanted to step down in the middle of his mandate last year but delayed it due to Bulgaria’s plans to seek entry in the euro zone’s ERM-2 mechanism and the EU’s banking union.

“Today, when we have established very good communication with the European Central Bank … there is the possibility to withdraw,” the central bank quoted Kostov as saying.

Bulgaria hopes to join the banking union and the two-year obligatory waiting room for adopting the euro in July.


Bulgaria’s Chief Prosecutor Commented President’s Veto on Penal Code Changes

Bulgaria’s Chief Prosecutor Sotir Tsatsarov said that the amendments to the Penal Code, which President Rumen Radev vetoed, should be clarified. The most controversial of the changes is the so-called “secret arrest,” in which, at the discretion of the prosecutor, a detained person can get a ban to inform his relatives within 48 hours about the arrest, reports BNT.

Sotir Tsatsarov, Chief Prosecutor: The arrest is not a secret, and the failure to notify does not mean deprivation of rights of defence. The provision has to be refined and it needs to be refined in two directions. The first – it can not be said non-communication of a specific person. The law should exclude from the circle of persons for whom the notification to the family is forbidden or will be forbidden. Secondly, it is difficult to accept that this can be applied to all crimes.


Bulgarian miners protest to demand job security

SOFIA, Bulgaria — Hundreds of Bulgarian coal miners and energy workers are protesting to demand government guarantees that their jobs will be preserved amid bids by the European Union to close mines and tackle climate change.

Buses carried protesters from across Bulgaria for the march in downtown Sofia. Over 2,000 demonstrators chanted “victory” as they marched to the headquarters of the EU offices in Bulgaria and rallied there Thursday.

Bulgarian miners say the EU’s timeframe for closing down coal mining and coal extraction is too short and argue it should not come at the expense of the bloc’s poorest and most carbon-dependent regions.

Union leader Dimitar Manolov said 150,000 jobs are at risk should the biggest coal mines and energy plants in southeastern Bulgaria close down.


Bulgarian miners protest to demand job security