International Journal of Auditing – July 2005
Bulgaria
New President of the National Audit Office
On April 7, 2005, Dr. Valeriy Dimitrov was elected president of the National Audit Office of the Republic of Bulgaria by the National Assembly. He succeeds Dr. Georgi Nikolov, who completed his term of office.
Upon his election, Dr. Dimitrov stated that he will work together with his new team to strengthen the National Audit Office's independence and the public's confidence in the institution. The guiding principles for the office's activity will be impartiality, competence, and a constructive and open-minded approach to all government institutions.
 Valeriy Dimitrov |
Dr. Dimitrov believes that Bulgaria's membership in the European Union is the most serious challenge the government is facing, but the National Audit Office is prepared to help the government meet this challenge, in particular through the successful audit of resources received from European funds.
Born in 1954 in Sofia, Dr. Dimitrov graduated with a degree in law. From 1984 until his appointment, he was a lecturer in financial, banking, and stock exchange law at the University of National and World Economy in Sofia.
From 1991 to 2001, he was a legal adviser to the Governor and the Governing Board of the Bulgarian National Bank (BNB). From 1996 to 2001 he was a representative of the Bulgarian National Bank on the Board of Directors of the Central Depository JSC. As legal adviser of the BNB, he played a key role in the formation of the BNB's secondary legislation. He has specializations in banking law in Austria, Italy, Germany, the United States, the United Kingdom, and Japan. Dr. Dimitrov was elected a member of the 39th National Assembly, where he chaired the Economic Policy Committee and was a member of the Legal Affairs and Budget and Finance Committees.
He speaks English and Russian and is the author of books, studies, and articles in the field of banking, the stock exchange, and financial and administrative law. He is married and has two children.
For additional information, contact: Bulgarian National Audit Office, fax: ++359 (2) 981 07 40, 981 19 41, e-mail: nao-pres@otel.net, Web page: www.bulnao.government.bg.