Born on Dec. 23, 1949 in Sofia. Married, has two daughters.
Graduated in Economics from the University for National and World Economy in Sofia 1974, and later in Mathematical Modeling of Economic Processes from Sofia University "St. Kliment Ohridski". Ph.D. in Economy, Ph.D. in Mathematics. Assistant professor at the Technical University of Sofia, associate professor since 1992. Member of the Council of Economic Experts of UDF 1990. Chair of the National Coordination Council of UDF Dec.1994-Apr.1995. Chairman of UDF since Apr. 1995 (reelected Feb. 1997).
Minister of Finance in the cabinets of Dimitar Popov and Filip Dimitrov 1990-92. MP (elected in Plovdiv) in the 7th Grand National Assembly (Parliamentary UDF) 1990. Chair of the Committee on Economic Policy in the 7th Grand National Assembly 1990. MP (elected in Plovdiv) in the 36th National Assembly (Parliamentary Group of UDF). Deputy chairman of the Parliamentary Group of UDF in the 36th National Assembly 1993-94. MP (elected in Plovdiv) in the 37th National Assembly (Parliamentary Group of UDF).