By letter dated 29 December 2011, the Republic of Bulgaria nominated Ms Dorothea Ivanova Pandova-Gargova (Advisor to the Deputy Prime Minister and Minister of Finance, Republic of Bulgaria) for appointment as Full Member of the Board of Directors of the EIB to succeed Mr Dimiter Ivanovski who had tendered his resignation.
By letter dated 9 January 2012, the Board of Governors was invited to vote on the proposed appointment.
The decision to appoint Ms Dorothea Ivanova Pandova-Gargova was taken on 25 January 2012, the date on which the requisite majority of Governors' votes was reached.
The term of office of Ms Dorothea Ivanova Pandova-Gargova will expire in 2013 at the end of the day of the approval by the Board of Governors of the Annual Report, the Balance Sheet and Profit and Loss Account for the 2012 financial year.