By letters of 18 October 2006 and 6 November 2006 respectively, the Republics of Bulgaria and Romania nominated:
- Dimiter Ivanovski (Deputy Finance Minister) and
- Eugen Teodorovici (Director General at the Ministry of Public Finance)
for appointment as full members of the EIB's Board of Directors.
On 6 December 2006, the Governors of the EIB were invited by written procedure to vote on the proposed appointments.
The decision to appoint Mr Dimiter Ivanovski and Mr Eugen Teodorovici was taken on 19 December 2006, the date on which the Bank received the requisite majority of votes in favour from the Governors. The appointments took effect on 1 January 2007, when the Republics of Bulgaria and Romania joined the European Union.
The terms of office of Mr Dimiter Ivanovski and Mr Eugen Teodorovici will expire in 2008, at the end of the day of the annual meeting of the Board of Governors during which the annual report, balance sheet and profit and loss account for the 2007 financial year are examined.