European Investment Bank to Expand Funding for the Security Sector in 2025
The European Investment Bank (EIB) has announced plans to double its funding for security and defense projects in 2025
Former Minister for the Bulgarian Presidency of the EU Council Lilyana Pavlova has been appointed vice president and a member of the Management Committee of the European Investment Bank, BNR reports.
She is the first Vice-President of the Bank of Bulgaria, with a three-year term of office.
According to the EIB Statute, the representation of the Member States in the governing bodies of the Bank is ensured by distribution into constituencies. The constituency includes Bulgaria, Croatia, Cyprus, Czech Republic, Hungary, Malta, Poland, Slovakia and Slovenia. The rotation of the respective posts in the Board of Directors, the Management Committee and the Audit Committee of the Bank are governed by an Interim Agreement signed by the Ministers of Finance of the countries in the group as members of the Board of Governors of the Bank.
The Governing Board of the European Investment Bank is a collegial, standing executive body of the Bank, consisting of a Chair (President) and eight Vice-Chairpersons (Vice-Presidents) appointed by the Board of Governors on a proposal from the Board of Directors.
Pavlova has been proposed for the position by the Bulgarian Finance Minister. Lilyana Pavlova's extensive experience in senior management positions in several governments and as a financial expert, with a long career in project management and in cooperation with international institutions, is among the arguments of the Bulgarian government for her nomination as EIB Vice President. She was a Member of Parliament, Minister for Regional Development and Public Works and Minister for the Bulgarian Presidency of the Council of the European Union.
Bulgaria has received full support from Austria regarding its accession to the eurozone, Prime Minister Rosen Zhelyazkov announced following his meeting with Federal Chancellor Christian Stocker in Vienna.
Turkish President Recep Tayyip Erdogan condemns Israel’s attacks on Iran, calling for international action:
The public discussion around Bulgaria’s adoption of the euro remains clouded by persistent myths and misinformation, according to MP Martin Dimitrov from "We Continue the Change-Democratic Bulgaria"
Israel has launched a large-scale military operation against Iran, striking what it claims are nuclear and military targets.
Bulgarian Interior Minister Daniel Mitov has removed Senior Commissioner Andrey Angelov from his post as head of Varna’s police
A demonstration is taking place in Sofia today, organized by an initiative committee backed by the "Revival" party.
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