Kristalina Georgieva

Outgoing EU Commission Vice President Kristalina Georgieva earlier this year negotiated changes in the way the union funds the World Bank, "her former and future employer," Politico argues.

A new arrangement with the World Bank "is raising alarm bells at the Commission and the European Parliament about a potential conflict of interest," according to a piece published on Wednesday.

Bulgarian Prime Minister Boyko Borisov has refuted reports that UN Middle East Coordinator Nickolay Mladenov is to be the next European Commissioner.

"It is from you that I am hearing this from the first time," Borisov has told reporters when asked about the information, according to BGNES wire service.

"The fact that I am leaving the European Commission has nothing to do with my campaign for the post of Secretary General of the UN," stated European Commissioner Kristalina Georgieva on BNR.

"We need a European Commissioner for ecology or regional development. In these two sectors, Bulgaria has the greatest need and we will attempt to win," stated Bulgarian PM Boyko Borisov when answering the question who will replace Kristalina Georgieva.

Bulgaria's European Commissioner Georgieva is to head the World Bank.

Bulgarian President Rosen Plevneliev will not be the country's nomination for European Commissioner, Prime Minister Boyko Borisov has said.

Borisov is yet to make clear who will be proposed as a successor to Kristalina Georgieva, the Bulgarian EU Commissioner who on Friday said she would leave in January to take over a CEO position at the World Bank Group.

EU Commission Vice President Kristalina Georgieva has said she is leaving the EU's executive body the take up a senior position at the World Bank.

The development is due to take effect as of January 02, 2017, Georgieva has said in a statement.

Her new appointment means Bulgaria will have to propose a successor.

The Foreign Policy Research Institute (FPRI) has retracted an article exploring the past of the EU Commission Vice President for Budget and Human Resources, Bulgarian Kristalina Georgieva.

The Bulgarian EU Commissioner, Kristalina Georgieva, has pledged to pursue those who continue to spread "falsehoods" about her through through the courts.

"From on on I will defend my name in court," she has said on Facebook.

EU Commission Vice President Kristalina Georgieva was an informant with the State Security (DS), the Soviet-era intelligence and counter-intelligence services of Bulgaria, according to a publication by the Foreign Policy Research Institute.

After being unsuccessful in the round of voting, Irina Bokova is on the way of becoming Deputy Secretary General of the UN, reported The Guardian, cited by Nova TV and Darik radio.

"It is claimed that the Russians are furious that, under pressure from the European Union, Bulgaria nominated another candidate - European Commissioner Kristalina Georgieva," writes the newspaper.