Milen Velchev

Mr. Milen Veltchev

Education

1993 - 1995
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Cambridge, MA, USA
MBA in Financial Engineering, Sloan School of Management;
Holder of a World Bank Scholarship for his studies there. Awarded a Teaching Assistantship to Professor Stuart Myers. Studied under Prof. Rudiger Dornbusch and Prof. Franco Modigliani;

1992 - 1993
UNIVERSITY OF ROCHESTER
Rochester, USA
1st year of MBA degree study; Fulbright Scholarship holder;

1983 - 1988
UNIVERSITY OF NATIONAL AND WORLD ECONOMY
Sofia, Bulgaria
MA in International Relations;

Achievements and awards

2002 - Finance Minister of the Year, the Euromoney magazine;

2002 - Minister of the Year, the Business World Internet Edition;

2003 - Global Leader for Tomorrow - one of the 100 youngest leaders in the world, Davos;

2004 - Mister Economy for particular contribution to Bulgarian economy in 2003

Experience

July 2001 - August 2005 MINISTER OF FINANCE, Sofia, Bulgaria
Euromoney Finance Minister of the Year in 2002, Washington, USA
Governor of the World Bank
Governor of the European Bank for Reconstruction and Development
Chairman of the board of directors of the Bank Consolidation Company
Chairman of the Monetary Council
Chairman of the Council for Internal Financial Control
Chairman of the Tax Policy Advisory Council
National EU Aid Coordinator
Youngest Bulgarian minister of finance since the 19th century;

July 2001
39th NATIONAL ASSEMBLY, Sofia, Bulgaria
Member of Parliament from the National Movement Simeon II (NMS2)

Led the election lists of the top-ranked party in the second largest city and won over 45 % of the vote in the 17th June 2001 elections;

1999 - 2001
MERRILL LYNCH & CO. London, UK
Emerging Markets Vice President

Acted as relationship manager for Merrill Lynch's sovereign and corporate clients in Central and Eastern Europe. Responsible for a broad range of milestone transactions, such as the first Eurobond issues for Ukraine, Romania and Moldova, the first bond issues by an Eastern European corporation (Renel, now Termoelectrica, of Romania) and an Eastern European bank (Romanian Commercial Bank), the landmark USD 3 billion restructuring of Ukrainian sovereign debt, and advised on several important privatisation deals;

1995 - 1999
MERRILL LYNCH & CO. London, UK
Associate with Investment Banking in Eastern Europe, Middle East and Africa Department

1994
CHEMICAL BANK, NY, USA
Summer Associate in Corporate Finance

1990-1992
MINISTRY OF FOREIGN AFFAIRS, Sofia, Bulgaria
Attache, International Organizations Department

  1. « Muravey Radev
  2. Plamen Oresharski »