Bulgarian National Bank
Ivan Batchvarov has extensive experience in the Bulgarian National Bank, serving as the Head of Division for International Financial Institutions and the Head of the Financial Projects and Foreign Financings Division since July 1997. Responsibilities included the administration of credit lines for SME financing and managing BoP support international credit agreements. Prior to this, Ivan Batchvarov held the position of Head of Division for Technical Assistance from October 1994 to June 1997, focusing on the implementation of EU PHARE projects for the banking sector. Ivan Batchvarov earned a Master’s degree in Economics, specializing in International Finance and International Trade, from the High Institute of Economics in Sofia, where education was completed from 1980 to 1985.
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Bulgarian National Bank
The Bulgarian National Bank is one of the oldest national institutions established right after the restoration of the Bulgarian state, on January 25, 1879, and on 6 of June of the same year the first banking operation was conducted. According to the Constitution of the Republic of Bulgaria (article 29) the BNB is an independent issuing institution of the State reporting to the National Assembly. It plays a key role in the Bulgarian economy and takes care of maintaining the stability of the Bulgarian currency, and of strengthening and development of the banking and credit system in the country. The BNB’s independence is also guaranteed by its organic Law (LBNB), and by the Treaty establishing the European Community. Since January 1, 2007 the bank is a full member of the European System of Central Banks and actively participates in the decision making process in the area of banking and finance in the European Union. The BNB Governor is a member of the General Council of the European Central Bank.