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Simeon Djankov, Bulgaria's former Finance Minister in center-right GERB government (2009-2013) has joined the Supervisory Council of Russian VTB Bank.
In an official message, the bank names Djankov as one of the three new members of its supervisory body, alongside First Deputy head of the Bank of Russia for financial markets Vladimir Chistyuhin and ex-Deputy President of Vneshnekombank Mikhail Kopeykin, Russian business daily RBC reports.
RBC has described Djankov as "Rector of the Russian Economic School".
VTB's website has also published changes to its Council on its English-language version as part of a summary on its shareholders' General Annual Meeting.
The three new members, announced June 20, step into office as other three "have left", with Russian Minister for Economic Development, Alexander Ulyukaev, among them.
Novinite quoted in early March reports by Sega daily suggesting Djankov was due to join the Supervisory Council.
Among the 12-strong council's other representatives are also Russian Deputy Finance Minister Alexey Moyseev and the Nord Stream AG (Switzerland) CEO Matthias Warnig.
The news comes amid reports that VTB, a shareholder in the Corporate Commercial Bank (KTB), which was placed under supervision by the Bulgarian National Bank on Friday, has expressed interest in helping the troubled financial institution.
VTB is the second-largest bank in Russia after Sberbank in terms of its authorized capital.
Financier Plamen Danailov, a municipal councilor from the "There Is Such a People" party, recently discussed Bulgaria's potential adoption of the euro
European Commissioner for Economy Valdis Dombrovskis has stated that Bulgaria's objective of joining the eurozone on January 1, 2026
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
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