Bulgarian Development Bank (BDB) recently appointed Krassimir Angarski to its supervisory board.
The follows the
stepping down of Kiril Ananiev, who recently became the minister
of finance in the Caretaker government.
Angarski is an associate professor at the
University of National and World Economy, his alma mater, which was called the Karl Marx Higher Institute of Economics when he attended. A Sofia native, he presided over both the city’s and the
district’s tax offices as director, the culmination of a career with the
Ministry of Finance that began in 1980. Angarski left the ministry to serve in
the management of several state-owned enterprises and spent time as the
executive director of the Bank Consolidation Co.
Between March and May 1997 he served as
minister without portfolio under Stefan Sofiyanski and helped prepare the
introduction of the currency board arrangement. He led the group that
developed the currency board laws. From 2001 to 2004, Angarski served as
secretary for economic affairs under President Petar Stoyanov, and was the
executive director of DSK Bank. In the beginning of 2005, he took on the head
position at DZI bank and two years later became an adviser for Post Bank.
Angarski’s predecessor on the BDB
supervisory board, Ananiev, is no longer eligible to serve due to his position
as minister of finance, as the ministry owns 99.9 percent of the bank’s
BDB appoints Angarski to supervisory board to replace Ananiev
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