The „Vazrazhdane“ party submitted to the National Assembly a bill to amend the Law on the Bulgarian National Bank (BNB). The bill proposes a key change: a link between the remuneration of the Governor and the members of the Governing Council of the BNB and the achieved price stability.
According to the proposal, the total remuneration includes monthly salary, additional incentives, health and pension insurance. The main mechanism is linking salaries to the annual inflation rate.
With inflation up to 2%, salaries can increase by up to 2%. If inflation is above this percentage, salaries are reduced by the difference. Inflation is calculated based on the consumer price index.
For 2026, a reduction of salaries by 1.5% compared to 2025 is foreseen.
From „Vazrazhdane“ they point out that the proposal is related to the role of the BNB in connection with the introduction of the euro. They believe that if the Governor of the BNB has the opportunity to influence monetary policy, the failure to achieve the goal of price stability should entail personal responsibility.
The aim is to encourage the management of the BNB to protect the interests of Bulgarian citizens and the purchasing power of their incomes.
Last week, Vazrazhdane proposed a hearing of key institutions on the rise in prices of goods and services after the introduction of the euro, including the Governor of the BNB.