Structure

Fund Manager of Financial Instruments in Bulgaria EAD is

  • a single member shareholder company fully owned by the Bulgarian State. The rights of the State are exercised by the Minister of Finance, who takes decisions within the remit of the general meeting of shareholders;
  • It has a two-tier governance system, consisting of a Management Board and a Supervisory Board. The Management Board consists of three members. They are nominated and elected by the Supervisory Board. The Supervisory Board consists of seven members. They are designated by the Deputy Prime Minister, who coordinates and oversees the management of funds from the European Structural and Investment Funds (ESIFs); the Minister of Labour and Social Policy; the Minister of Finance; the Minister of Regional Development and Public Works; the Minister of Economy; the Minister of Environment and Water Resources and the Minister of Agriculture and Food.