Born on Sept. 22, 1957 in Vidin. Married, has one son and one daughter.
Completed high school in Sofia 1975. Graduated from the University for National and World Economy in Sofia 1981. Post-graduate studies in Boulder, Colorado, and Princeton, New Jersey - USA, 1992. Expert and head of department in the State Planning Commission and in the Ministry of Economy and Planning 1981-90.
Member of the Plenary Council of the Bulgarian National Bank. Deputy Minister of Finance 1990-91. First Deputy Minister of Finance 1993-94. Minister of Finance Jan. 1995-Feb. 1997.