The Member of Parliament form Bulgaria's ruling center-right party GERB, Svetlana Angelova, has decided to not run for the post of Director of the country's National Social Security Institute (NOI).

The news was reported by GERB after a meeting of the party's Executive Committee.

Angelova, who is currently the deputy head of the Parliamentary Committee on Social Policy, and was the favorite of the Parliamentary Group of the Citizens for European Development of Bulgaria, GERB, party, has thanked the MPs for the trust and the nomination, saying she is withdrawing over the need to not weaken the work of the Social Policy Committee, and of good communication of the latter with the Finance Ministry and NOI.

Her decision comes after last week reports leaked that the former deputy head of Bulgaria's Financial Supervision Commission Bisser Petkov stands very high chances to be elected the next chair of the country's Social Security Institute (NOI) because he was a nominee of Finance Minister Simeon Djankov.

Djankov had not officially confirmed the reports, but stated the NOI Director must be a good expert in finances and to not have worked at NOI.

The Executive Committee of GERB is now proposing that each candidate presents his or her vision for the further development of the Institute. All these visions and concepts must be submitted by the next meeting of the GERB Parliamentary Group to be voted on.

According to the Executive Committee, the person to take over NOI must be an expert and a "consensus" individual, who must be supported by the GERB Parliamentary Group, the Finance Ministry and the Ministry of Social Policy and Labor.

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