About the Company

MIROSLAV VICHEV is a the Chief Executive Officer of Bulgaria’s payment and card operator, BORICA. He has over 30 years of experience in information technology for the banking sector. Before joining the company, he held a number of senior leadership positions, including Head of Applied Systems at Postbank, Director of Management Consulting and IT at Deloitte, Head of Consulting Department at Microsoft Bulgaria, IT Director at HVB Bank Biochim, Executive Director of DSK Bank. He was also a member of the Supervisory Board of the DSK Rodina Pension Company, a member of the Board of Directors of the Cash Service Company AD, a member of the Board of Directors of OTP Bank (Russia), and Deputy CEO of Information Technologies and Operations of OTP Bank (Hungary). In 2021, Mr. Vichev was named Manager of the Year in the country’s most prestigious business competition. He has also been recognized for his outstanding contribution to enhancing the reputation and standing of IT professionals within Bulgarian organizations. He is a graduate of the Technical University of Sofia.

MARIAN CHOLAKOV is a Chief Director of “Operations” Directorate at BORICA AD. He has more than 20 years of experience in the field of card payments, payment systems and information technologies in the banking sphere. He has worked in BORICA AD since 1993, with main occupation - development and maintenance of ATM software. Since 2008, he had been Head of the “Real time and financial servicing system”, where he was responsible for IT and operations of the BORICA card system. After the merger of BORICA and Bankservice in 2010, he became Director of “Administration and operation of systems” Directorate, responsible for the operational servicing of the payment systems: BORICA, BISERA6 and BISERA7-EUR, as well as for the IT infrastructure of the card services, provided by the company. He graduated from the Technical University of Sofia.

NELI YOLOVSKA is a Chief Commercial Officer. She joined the Company in 2017. Since 1993 Neli has been part of the largest media group in Bulgaria in the field of Information Technologies - IDG Bulgaria (ICT Media), and for 10 years she has successfully managed the leading IT media in the country – the magazines CIO and PC World, Computerworld newspaper, www.idg.bg and others. In 2007, on initiative of ICT Media and with Neli’s active participation, the CIO Club was founded, as it operates until now. Her experience goes beyond Bulgaria’s borders, as part of the management team of a large software company. She graduated from the Technical University of Sofia as master of Information and Communication Technology, Programming.

IVAYLO DEKOV is a Chief Director of the "Infrastructure and Operations" Directorate, with more than 20 years of experience in the field of information technology in the areas of system integration, project management, customer service and people management. He started his career in the banking sphere, where he implemented card payment systems at Bulbank and BNP-Dresdner Bank. Later he joined Hewlett-Packard in Bulgaria, where as Project Manager he introduced a number of significant IT projects, including a real-time payment system at the central banks of Macedonia, Serbia and Oman, as well as a system for budget payments to the Ugandan ministry of economy. Ivailo's management career goes through the positions of Manager of IT consulting department and Director of Global Solution Center at HP, Chief Customer Services Officer at Blizoo and Director IT Operations and Support at DSK Bank. He graduated from the Technical University of Sofia and the MBA program at Warwick Business School in England.

STOILKA ARSOVA is a Director of „National Card and Payment Scheme". Effective from January 1st 2018 the unit reports directly to the Board of Directors of BORICA AD. Mrs. Arsova has 20 years of experience in the banking sector in the sphere of electronic and card payments. Her career began at Roseximbank in 2001, then in got management positions at the Card Center of DZI Bank and Postbank. In 2014 she joined the team of BORICA AD, where she headed the newly formed "National Card Scheme". The directorate aims at developing rules and new business models to support the implementation on the Bulgarian market of new services and transactions of national importance, by introducing an entirely Bulgarian card for payments with the Bcard logo and payment instruments for instant payments by account in account with the Blink logo. Since the beginning of 2017, Ms. Arsova represents the Scheme on the Board of the European Card Payments Association (ECPA), and since April 2020 - on the Board of the European Cooperative Card Payments (ECPC).

SNEZHINA STAVREVA is the Director of the Internal Audit Directorate. She has more than 20 years of professional experience in the field of internal auditing and over 10 years of experience at BORICA. Prior to joining the company, she served as Head of Internal Audit at the holding company VM Finance Group AD. She has also held positions as Senior Internal Audit and Risk Management Specialist in an international audit firm, a telecom company, and an international insurance holding group. Snezhina is a Certified Internal Auditor (CIA), a Certified Information Systems Auditor (CISA), and a Certified Lead Auditor for Information Security Management Systems ISO 27001:2013. She has been a member of the Institute of Internal Auditors in Bulgaria (IIA Bulgaria), an affiliate of The Institute of Internal Auditors (The IIA), USA, since 2004, actively contributing to its activities and governance. She holds a Master’s degree in Accounting and Control from the University of National and World Economy and a Master’s degree in International Economic Relations from the Technical University of Sofia.

ALEKSANDAR STANEV is the Head of Business Division at BORICA AD. Aleksandar has over 30 years of professional and leadership experience in the fields of payment systems, trust services, financial services, IT, and digital transformation. Throughout his career, he has held expert and managerial positions, making a key contribution to the development of national payment systems, trust services, electronic identification schemes, and digitalization within the financial and corporate sectors.

ALEXANDER GEORGIEV has over 30 years of professional experience in the financial sector, having held a number of senior management positions in retail banking, branch network management and risk management. Throughout his career, he has led teams and managed strategic and operational projects related to card payments, bancassurance, digitalisation and business process transformation. He has played a key role in building partner ecosystems and establishing long-term strategic alliances with leading companies across various industries. His professional approach is characterised by a strong focus on sustainable commercial growth, measurable results and a high level of customer orientation. Alexander builds effective relationships with both internal teams and external stakeholders, consistently contributing to business development and transformation.

VANIA GANEVA is a Director of Payment Services at BORICA. She started working in the company in 2019 as a project manager "Immediate payments in BGN". Prior to that, she had over 30 years of experience in the field of card, payment, and certification services, holding management positions in various financial institutions in Bulgaria. Mrs. Ganeva is a founding member of the Association "Bulgarian Association for Security of Card Payments", a member of the first Executive Committee of Visa Europe member banks in Bulgaria, a member of the consumer committee of BORICA. From 2013 to 2017, Mrs. Ganeva was successively a member of the Board of Directors, and subsequently the Executive Director of SEP Bulgaria AD. Vanya Ganeva holds a master’s degree in Finance from the University of National and World Economy.

ALBENA PETKOVA is а Director of "Anti-fraud and AML Services" Directorate at BORICA AD. She has over 10 years of experience and a proven record of success in AML, fraud, and risk management. Prior to joining the company's team, she held key management positions related to financial security management in startups, fintech and commercial banks, including Eurobank EFG Bulgaria, Paysafe Group, Nexo. Over the years, she has undergone various professional training courses and gained certificates from leading institutions, like Harvard Business School Online, Association of Certified Fraud Examiners (ACFE) and CySec.

MARTIN ORESHARSKI is a Trust Services Director at BORICA. He started his professional development in the Company in 2007 as an expert in the Sales Directorate. Over the years he has held a number of expert positions, and in 2016 he took over the management of the company's sales offices in western Bulgaria as a "Regional Manager". Its activity over the years is closely related to both trade relations and the development of electronic and certification services offered by the Company. In 2020 he held the position of Business Development Manager, focusing entirely on the development of Trust Services. He is currently responsible for one of the company's strategic projects related to the implementation of innovative solutions for remote signing and remote identification. He holds a bachelor's degree in Informatics and a master's degree in Business Administration.

ANNA ANGELOVA is a Director of the „Payment Institution” Directorate at BORICA AD. She has more than 18 years of experience in card payments and retail services in the banking sector.
Before joining the team of BORICA, she held a number of leadership positions  such as Deputy Director and Card Payments Director at Fibank, Retail Banking Director, UniBank, Macedonia, Member of the Board of Directors of the CaSys Operator, Macedonia, Executive director and member of the Board of Directors of Diners Club Bulgaria AD.
In BORICA AD Anna Angelova is responsible for the development of the company's activity as a payment institution. She graduated from the University of National and World Economy, specialty – Finance and credit.

RADOSLAV DIMITROV is Director of Corporate Sales and International Expansion at BORICA. He joined the company in 2002 as a System Operator. Between 2005 and 2009, he served as Administrator of the Real-Time and Financial Processing System, where he was responsible for the administration of BORICA’s card payment system. In 2009, he was appointed Head of the Card Payment System Administration Department, and in 2016 became Head of the Card Products and Services Development Department. Until March 2026, he led one of BORICA’s key divisions – the Card Business Directorate – whose team was responsible for the development and implementation of innovative payment solutions. He is currently responsible for the company’s corporate sales activities and the international expansion of its business. Mr. Dimitrov holds a Master’s degree in Telecommunications Management from New Bulgarian University and has completed a number of specialized training programs in the field of card payments.

VALERI IVANOV is a Senior Director of the "Compliance and Security" Directorate at BORICA. He has over 20 years of experience in the field of information security, card payments, payment systems and information technologies in the banking sphere. He started work at BORICA in 1995 as a defense expert. Since 2004, he has been Head of “Protection and Risk” department, where he was responsible for BORICA's information security. After the merger of BORICA and Bankservice in 2010, he became Director of the “Information Security” Directorate. In 2016, he became Director of the "Compliance and Security" Directorate and he is responsible for the information security, physical security, risk management, and compliance with external regulations. He graduated from the Technical University of Sofia, specialty: IT.

VERA STANKOVA is a Senior Director of the „Finance” Directorate at BORICA AD. She has 20-years’ experience in the accounting and finance, passing through all levels of the hierarchy in companies with different spheres such as the construction, pharmaceutics, trade, telecommunications, and IT. Until 2008 she is the Head of the Financial department of the 2be retail chain. She joined BORICA as an expert in planning, analysis, and control. After the merger of BORICA and Bankservice, she held the position Head of the "Financial Management" department. Currently she is responsible for the whole  financial-accounting policy of the Company, management accounting, planning, financial modeling, analysis, and control. She holds a master's degree in "Economics and Industrial Management" from the University of National and World Economy in Sofia.

DANIEL ALEKSIEV is a Director of "Product and Service Design" at BORICA AD. He joined the Company in 2020. In the past 10 years Daniel has held key positions related to the development of digital products and services for the banking sector. He has participated and managed numerous programs focused on innovations and digital transformation. In BORICA he manages the strategic for the company fintech project InfoPay, which is in response to the European payment directive PSD2.

VANYA HADZHIEVA-DIMOVA is a seasoned strategic leader in the field of human capital management and development. She leads the design and execution of the company’s overall HR strategy, working in close partnership with the executive management team to deliver BORICA’s strategic priorities. Under her leadership, a work environment is cultivated that attracts, develops, and retains talent, while supporting the company’s sustainable growth and long-term success. She brings deep expertise in organizational development, building high-performing teams, and shaping a resilient organizational culture focused on achieving strong business results. Her professional journey spans key leadership roles in the telecommunications, technology, e-commerce, and public sectors, with a strong focus on driving organizational transformation and embedding modern people management practices.

DR. NIKOLAY LAZAROV is the Marketing and Communications Director at BORICA AD, responsible for the strategy and positioning of BORICA AD’s brands, as well as B2B, B2C, and B2B2C partnerships. Dr. Lazarov has over 20 years of experience in the financial and banking sector, business development, digital transformation, and innovation. He possesses deep expertise in managing business growth and digitalization projects, developing customer segments and sales channels, and building business ecosystems and partnerships. He holds a PhD in Banking and Finance from VUZF University, an Executive MBA, and a Master’s degree in International Business. He has completed international specializations in digital marketing and AI in business from INSEAD, along with numerous other national and international training and specialization programs. Dr. Lazarov actively participates in various initiatives aimed at enhancing digital and financial literacy as a keynote speaker and teaches courses at VUZF University on topics related to the application of AI in business.

MILENA NUCHEVA joined BORICA AD in 2017. She began her career as Legal Counsel at United Bulgarian Bank AD and subsequently served as Compliance Officer at the National Bank of Greece - Sofia Branch and as Chief Legal Counsel at DZI Bank. From 2006 until its closure, she headed the legal team of the Bulgarian branch of Alpha Bank - Greece (Alpha Bank Bulgaria Branch). She has extensive experience in banking, financial, commercial and corporate law, including the regulation of banking and payment services, regulatory compliance, legal and regulatory risk management, and anti-money laundering measures. Her professional background also includes corporate and project finance, investments, acquisitions, and other complex contractual arrangements. Her expertise further encompasses payment and fintech services, data protection, corporate governance, and the legal aspects of introducing new products and technology solutions.