Bulgarian National Bank (BNB) recently announced the winners of its 2017 BNB Scholarships Competition.
Yambolov and Dimitar Stanchev will receive support in their studies and
research from the central bank.
The BNB scholarship program is now in its
13th year; it was created in 2004 to support masters and doctoral students
researching topics related to central banking and foster interest in future
careers with BNB. This year’s winners are both pursuing their masters degrees. Yambolov is studying at Rheinische
Friedrich-Wilhelms-Universitat Bonn in Bonn, Germany, and Stanchev at Sofia
University St. Kliment Ohridski in Sofia, Bulgaria.
This year 23
candidates applied for the scholarship program, including three doctoral students
and 20 master's students. Yambolov was the only applicant studying at a
university outside of Bulgaria. The scholarship program’s Committee for
Selection determined that three of the applicants did not meet the program’s
criteria. The other 20 applicants were invited to submit essays on a set
A panel of reviewers
appointed by the committee reviewed each candidate’s essay, with two panel
members reviewing every essay. Doctoral candidates’ essays were reviewed by
panel members with Ph.D.s. The committee funneled down the applicant pool to
three candidates based on their essays, and those three candidates were invited
to interview for the scholarships, leading to the selection of Yambolov and
Over the program’s 13
years, 348 students have applied for the program, which has issued 30
BNB announces winners of scholarship competition
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