Prof. Grigorii Vazov, PhD

Prof. Grigorii Vazov, PhD


Prof. Grigorii Vazov has been rector of VUZF University since 2008. He is executive director of VUZF Lab and Secretary General of the Council of Rectors of the Higher Education Institutions in the Republic of Bulgaria. He served as President of VUZF University from 2005 to 2017 and as chairman of the Board of Trustees from 2002 to 2017. He has been also member of the Fiscal Council of the Republic of Bulgaria and Member of the Supervisory Board of DZI, part of KBC Group since 2015.

He served as Advisor of the Minister and Deputy Minister of the Ministry of Industry and Commerce from 1991 to 1994. He was Chair of the Board of Directors of “Balkanbank AD” (1992-1994). He served as member of the Board of Directors of the International Investment Bank, the International Bank for Economic Cooperation and the Bank Consolidation Company from 1991 to 1994. Prof. Vazov had two terms in office as Dean of the Faculty of Finance and Accountancy of the University of National and World Economy, Sofia, (1998- 2010).

Since 1994, he has been  manager of the consultancy company Vazov Institute Ltd, operating in EU projects.

His scientific interests are in the field of Macro-Economics, Finance Theory, Corporate Finance, Management theory, where he has more than 100 publications, including autonomous monograph, three textbooks, a series of  articles, scientific reports, reviews and works.

He was manager and participant in the development of many science-applied projects.


    • Project BG051PO001-4.3.04-0013 „Establishment of a modern distance learning center at VUZF, including specialized software, videoconference teaching system and electronic library“ financed by Operational Program „Human Resources Development“
    • Organization of international scientific forum: „European Research Infrastructure Policy and Participation of Bulgaria“, 2017, financed by Scientific Research Fund, Bulgaria
    • Developing a system regarding finance monitoring and control of foreign-funded budget line BG 0102.03 ‘Development of Cultural Tourism in Bulgaria’ under the PHARE programme /2004/.
    • Optimizing the management and the organizational structure and the HR management of KCM AD–Plovdiv, 2001.
    • Analysis of the financial state of Elektrorazpredelenie Gorna Oryahovitsa EAD pertaining to the year 2000. 1997–1999–2000 Tendencies Developing a business plan for 2001
    • Information survey /Economy—Bulgaria 1997/
    • Financial analysis of ‘Maritsa Iztok’ Collieries AD, Radnevo, for the period 1996—1998
    • Restructuring project regarding Metalsnab–Holding AD, Sofia and the subsidiary public limited companies thereof
    • Koopholding AD—a model regarding the holding structure in the cooperative system
    • Business evaluation of the abilities of Toplivo AD–Sofia to operate with LPG
    • Exemplary model for the creation of a holding unit in the TsKS system
    • Financial and economic survey of Petrol AD–Sofia 1993—1997
    • Financial and economic analysis for the period 1993—1995 and development strategy for Petrol AD–Sofia
    • Restructuring model for KCM–Plovdiv
    • Analysis of the financial and economic state of KCM–Plovdiv for the period 1994—1996
    • Financial and economic analysis for the period 1992—1994 and development strategy for MDK EAD–Pirdop
    • Financial and economic analysis of Asarel Medet AD–Panagyurishte for the period 1995—1997 and company business evaluation