4893
6
Vote World Rank
146
Vote Bulgaria Rank
4
About Ivan Kostov Ivan Yordanov Kostov (Bulgarian: Иван Йорданов Костов) (born December 23, 1949 in Sofia) was Prime Minister of Bulgaria from May 1997 to July 2001 and leader of the Union of Democratic Forces (UDF) between December 1994 and July 2001. Ivan Kostov graduated in Economics from the Karl Marx Higher Institute of Economics (today's University of National and World Economy) in Sofia in 1974, and later earned a Ph.D. in Mathematical Modeling of Economic Processes from Sofia University. He then worked as an associate professor at Sofia Technical University and entered politics after the collapse of the Berlin Wall and the fall of the Bulgarian communist dictator, Todor Zhivkov. Kostov became at first member of Communiste Party - The 16 of November 1989 and after that became an economic expert for the Union of Democratic Forces (UDF),proposed by Andrei Lukanov. His political career began as Member of Parliament in the 7th Grand National Assembly in 1990 (he has been re-elected to Parliament ever since) and he went on to become Bulgaria's Finance Minister in the two consecutive governments of Dimitar Popov (December 1990 – October 1991) and Filip Dimitrov (November 1991 – December 1992). Kostov was elected chairman of the UDF in 1994. In late 1996 and early 1997, mass protests took place against Bulgarian Socialist Party's government which had led the country to hyperinflation and a complete crisis, and those protests ultimately led to the fall of the current government. UDF won the May 1997 elections, and Kostov became Bulgaria's Prime Minister, his cabinet eventually becoming the country's first post-communist government to serve its full 4-year term. He is credited with turning around his country's fortunes, starting sustainable economic growth, and establishing a path towards Bulgaria's complete integration with the West. Under his government, long-delayed economic reforms were carried out, including privatization of state-owned enterprises was carried on a large scale and the country started long-sought accession talks with the European Union (which Bulgaria joined on January 1, 2007). Additionally, during the war in Kosovo he took some difficult but ultimately beneficial decisions, such as to allow NATO but not Russia to use Bulgaria's airspace, and also not to allow refugees from Kosovo to enter Bulgaria. On the other hand, Kostov's rule was characterized by massive mismanagement and corruption. A number of major enterprises were sold out apiece under the label of "privatization", and all of them eventually bankrupted. Capital stocks of operating state companies were deforced by government officials, while their equipment was sold out. An example of such a scheme was the privatization of Balkan Airlines in 1999, the country's national air service, which was sold for $200,000 and bankrupted in 2002 after most of its equipment and immovable property was sold out. While successful in stabilizing the country, reforms in the social system actually hampered the development of the middle class, and eventually many Bulgarians fled the country after finding themselves unable to rise in the social hierarchy legally. Under Kostov's rule, smuggling and illegal transit flourished. Bulgar

Add a description

Best Supporters

How can you earn points?
1 Vote 1 Point [You must be logged in]
1 Referrer* 10 Points
*Call your friends to become a fan of Ivan Kostov with your referrer link and earn 10 points

p: 2670

p: 52

p: 13

p: 3

p: 2

p: 1

Ivan Kostov Most Popular Quotes

Add Quote

Bulgaria Leaders & Politicians Ranking

Show All
Rank Name Total
1. Vasil Levski 36451
2. Georgi Parvanov 6541
3. Boyko Borisov 6358
4. Ivan Kostov 4893
5. Khan Asparuh 644
6. Meglena Kuneva 81
7. Boris III 80
8. Simeon I 45
9. Stefan Stambolov 26
10. Todor Aleksandrov 24

Leaders & Politicians Ranking

Show All
Rank Name Total
142. Ljubco Georgievski 5200
143. M. Resulzade 5086
144. José de Paiva Netto 5033
145. Nisrin Barwari 4924
146. Ivan Kostov 4893
147. Saladin 4830
148. Jagan Mohan Reddy 4801
149. Nuno Álvares Pereir 4787
150. Vasco da Gama 4779

Ivan Kostov Photos

Today Overall Show All

Ivan Kostov Videos

Today Overall Show All