Balgarianovinite.com Vazrazhdane has submitted to the National Assembly a bill to amend and supplement the Law on the Bulgarian National Bank (BNB), proposing the introduction of a direct link between the remuneration of the BNB Governor and members of the BNB Governing Council and the level of price stability achieved in the country, the party announced on Thursday.
The proposal envisages that the law should clearly define what constitutes the total remuneration of the BNB’s senior management, including monthly salaries, additional performance-based bonuses, health and pension insurance, and all other monetary payments. The key new element is the introduction of a clear and measurable mechanism linking the level of thе remuneration to the annual inflation rate, the statement said.
Under the draft legislation, when annual inflation is equal to or below 2%, remuneration may be increased by up to 2% in the following year. If inflation exceeds this threshold, the remuneration of the BNB Governor and members of the Governing Council would be reduced by the amount exceeding it. Inflation is to be calculated on the basis of the consumer price index. The transitional and final provisions further stipulate that after the law enters into force, the total remuneration of the BNB Governor and Governing Council members for 2026 will be reduced by 1.5% compared to its level at the end of 2025.
According to Vazrazhdane, the proposal is directly linked to the role and responsibility of the BNB in the context of the adoption of the euro and the participation of the BNB Governor in the Governing Council of the European Central Bank. “Over the years, the BNB has consistently maintained that Bulgaria sustainably meets the inflation criterion and that joining the euro area will not lead to an acceleration of inflation,” the statement said.
The party added that if the BNB Governor has voting rights, tools, and opportunities to influence monetary policy within the Eurosystem, failure to achieve the objective of price stability should entail personal accountability. According to the bill’s sponsors, the absence of price stability is a direct result of an inability to exert effective influence over decision-making and the use of available policy instruments. The proposed mechanism aims to create real incentives for the BNB’s leadership to defend the interests and income purchasing power of Bulgarian citizens, rather than bearing no responsibility for high inflation, the statement said.
Last week, Vazrazhdane submitted a proposal to the National Assembly for a joint plenary hearing of key institutions on the rise in prices of goods and services following the introduction of the euro. The proposal included a request to hear BNB Governor Dimitar Radev as well. The proposal was rejected by the majority of the MPs. Vazrazhdane Submits Draft Law Introducing Direct Link Between BNB Governor’s Salary and Country’s Price Stability 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-22 09:40:27 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law