Iliya Karanikolov

Iliya Karanikolov currently serves as the Chairman of the Management Board and Executive Director at the Bulgarian Development Bank since January 2023, while also holding the position of Chairperson of the Supervisory Board at the Fund of Funds in Bulgaria since March 2021. Iliya has been the Director of the Financial Instruments Directorate at the Bulgarian Development Bank since September 2020. Previous roles include Deputy Chairman and Executive Director at the Fund Manager of Financial Instruments in Bulgaria and an Advisor at the Ministry of Economy. With extensive experience in financial management, negotiations with international institutions, product development for SMEs, and overseeing various development projects, Iliya's professional background includes leadership roles such as Chairman of the Board of Directors at the National Guaranty Fund and at Micro Financing Institution Jobs.