About 97% of the bank deposits of individuals and companies are less than BGL1,000 each. The number of these deposits - more than 8.6 million - exceeds the population of the country, while their average amount is BGL75. Four hunderd fourt nine citizens hold deposits exceeding BGL50,000 each. Their average amount is over BGL1MN.
Tsvetan Tsvetkov, director of the State Internal Financial Control Agency (SIFCA), was dismissed from the post by an order of the Minister of Finance Milen Velchev. The head of the Sofia Regional Agency Valeri Pavlov will be acting Director of the SIFCA. Until Premier Simeon Saxe-Coburg-Gotha approves his appointment, Mr. Pavlov will occupy both positions.