Send to Kindle
Lazar Lazarov is the new head of the Bulgarian Road Infrastructure Agency. Photo from computerworld.bg
The Bulgarian Road Infrastructure Agency has appointed a new CEO dismissing the current director Sergey Mihalev only six months after he took over.
Mihalev's contract was terminated with his consent, the Bulgarian Regional Development Ministry, which is in charge of the road agency, announced Monday night.
Mihalev has been replaced with Lazar Lazarov, an acting member of the Governing Board of the Road Infrastructure Agency.
The Regional Development Ministry thanked Mihalev for his "management qualities" and "positive role" in the start of major infrastructure projects but justified the reshuffle with "the prioritizing of the activities that is due at the Road Infrastructure Agency."
"The Agency is entering a period in which its main focus will be the technical execution of the projects. From this point of view, we have appointed an expert with recognized professional qualities and long-term experience in road building," declared Lilyana Pavlova, Bulgaria's new Regional Development Minister, who was sworn into office last week, after her predecessor Rosen Plevneliev was nominated to run for President from the ruling center-right party GERB. Pavlova had served as Plevneliev's deputy in the past two years.
Lazarov is the fifth newly-appointed CEO of the Bulgarian Road Infrastructure Agency since the GERB party took over two years ago, after Yanko Yankov, Dimitar Ivanov, Bozhidar Yotov, and Sergey Mihalev.
The Agency has also appointed a new Governing Board member, Lazarina Stoichkova, who has served as a head of a directorate in the institution. She will be in charge of execution of projects funded from two major EU Operational Programs - "Regional Development" and "Transport."
Municipal Councilor Dimitar Petrov from “WCC-DB” has outlined new measures ensuring transparency in how funds from paid parking in Sofia are used
Bulgaria has received a new tranche of 438.6 million euros in grants from the European Union under the Recovery and Resilience Facility
The European Commission has decided to temporarily withhold 215 million euros from Bulgaria’s second payment under the Recovery and Resilience Plan
The European Union is intensifying pressure on member states reluctant to approve funding for Ukraine, urging them to use frozen Russian assets or face the alternative of footing the bill themselves
The Bulgarian government has allocated 2.2 million leva for archaeological research and conservation of historical sites, as part of the state budget implementation for 2025
In 2023, the European Public Prosecutor's Office (EPPO) initiated 97 investigations in Bulgaria concerning fraud involving EU funds, with the estimated damages reaching €487.65 million
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
