03.06.2025 Changes in the Supervisory Board of the BDB

The Supervisory Board of the Bulgarian Development Bank (BDB) will be supplemented with two new members. Dr. Lachezar Borisov, Minister of Economy for the period 2020-2021, and Goritsa Grancharova-Kozhareva, Acting Chairperson of the Audit Chamber (2024-January 2025), will join the Bank's supervisory body.

Lachezar Borisov is a lecturer in macroeconomics and business statistics at the Higher School of Economics and Finance (HSE). He holds a PhD in economics and finance from VUZF, as well as master's degrees in economics and macroeconomics from UNWE. His professional career at the Ministry of Economy began in 2002 as a senior expert at the Economic Development Directorate and progressed through the positions of Head of Restructuring and Capital Markets, Investment Projects, International Programs and Marketing, Strategic Markets and Forecasts, and Management and Restructuring of State Participation.

From 2017 to 2020 Dr. Lachezar Borisov is Deputy Minister and from July 2020 to May 2021 Minister of Economy. He has led key policies to support business and manage the economic impact of the COVID-19 pandemic. During this period, he was part of the Supervisory Board of the BDB, and also held senior positions in the NSSI and the NHIF. Since 2022 he has been Head of Department at the Capital Privatisation and Investment Agency.

Goritsa Grancharova-Kozhareva holds a Master's degree in Accounting and Control from the D. А. Tsenov Academy of Economics, Svishtov. Her career started in 1989 at DZI - Razlog, progressed through positions at TS Bank, Bulgargas and CIBank, and from 2012 to 2014 she was a Branch Manager at UniCredit Bulbank. In 2005 she was elected a member of the Court of Auditors of the Republic of Bulgaria. In 2015, she became its deputy chairman, and since January 2023 she has been acting as the chairman of the audit institution.

Goritsa Kozhareva has led audits of public funds, including funds from the European Union, has been Chair of the Professional Ethics Committee of the Court of Auditors, as well as Coordinator of Relations with the Board of Auditors for NATO. Kozhareva has also participated in numerous international initiatives and has been the Bulgarian representative in INTOSAI, EUROSAI and the Contact Committee with the European Court of Auditors.