By letter dated 18 January 2011, the Republic of Bulgaria nominated, Ms Jenya Dinkova (Director of the International Financial Institutions and Co-operation Directorate in the Ministry of Finance) for appointment as Alternate Member of the Board of Directors following the resignation from the Board of Directors of Ms Zsuzsanna Varga. A common accord on this nomination with the Czech Republic, the Republic of Cyprus, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic, was obtained on 29 April 2011. Following the written invitation, the Board of Governors voted on the proposed appointment.
The decision to nominate Ms Jenya Dinkova was taken on 2 June 2011, the date on which the requisite majority of Governors' votes was reached.
The term of office of Ms Jenya Dinkova will expire in 2013, 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 2012 financial year are examined.