Management Board

Financial grants compensating for part of the lost revenues would greatly support the Bulgarian airline industry. Airlines are in dire need of additional support, Svetoslav Stanulov, Chairman of the Management Board of the Association of Bulgarian Aviation Companies, told BNR. The association's members are about 80% of the Bulgarian companies and maintenance bases.

On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions.

The Government of Hungary increased its share in the paid-in capital of International Investment Bank (IIB) contributing an amount of 10 million euro on January 15, 2020. This continues a new round of capitalisation of the Bank.

The Board of Executive Directors of the International Monetary Fund has recommended that the age limit for the Managing Director of the Fund be dropped. This statement paves the way for Kristalina Georgieva, who is a candidate for the European Union, to head the IMF.

The inclusion of "purchase price" in the receipts is contrary to the founding principles of the European Union. This was stated by the Bulgarian Petroleum and Gas Association during a meeting with ambassadors of the Western countries.

Bulgaria offers new competitive conditions for Volkswagen plant and it is still in the race for the Volkswagen plant, said Minister of Economy Emil Karanikolov.

The efforts of the government for the strategic investment of Volkswagen in Bulgaria continue. This became clear after a meeting of representatives of Automotive Cluster Bulgaria with Prime Minister Boyko Borisov and ministers on July 17, reports BNT, 

Over 4,000 children from 74 schools have taken part in the Road Safety Olympics, Bogdan Milchev, a member of the Management Board of the Institute for Road Safety, told Focus Radio. The project was implemented in the regions of Sofia, Stara Zagora, Pleven and Ruse, and attracted great interest, he said. 

Teodora Petkova is the new Chairperson of the Management Board and CEO of UniCredit Bulbank, the bank said on May 2. She will replace Levon Hampartzoumian who left the post at the end of April after successful completion of his term in office, reports BNT.

The appointment of Teodora Petkova is subject to entry in the Commercial Register, the bank announced.

The construction of the toll system is scheduled and ready to be released on August 16, announced Regional Minister Petya Avramova last week. From May 15th, testing of the toll system begins in the "taxi" section based on distance traveled, she said.