page_title: Nikola Stoyanov
section_title: War reparation negotiations
hierarchical_section_title: Nikola Stoyanov / State Guaranteed Debts Director / War reparation negotiations
caption_attribution_description: Български: Българската делегация на Конференцията в Генуа
context_page_description: Nikola Stoyanov Mitov was a Bulgarian scientist, economist and financier. He was in charge of the Bulgarian Government Debt Directorate for much of the interwar period and as such, he led the prolonged negotiations over the country's foreign debt. The agreements helped stabilise the country's national currency and contributed to the economic growth Bulgaria experienced prior to World War II. Between 1929 and 1944, Stoyanov was editor-in-chief of the authoritative journal of the Bulgarian Economic Society. He was also a prominent member of various organisations of Macedonian immigrants to Bulgaria and one of the founders of the Macedonian Scientific Institute, as well as its chairman between 1938 and 1945. Stoyanov was the first Bulgarian author whose scientific work on astronomy was published abroad.
context_section_description: In 1919, Nikola Stoyanov was appointed Director of the Directorate General for State and State Guaranteed Debts. He spent 20 years in this position, with only a short interruption between May 1934 and April 1935. Just a week after his appointment, Mr. Stoyanov traveled to Paris as part of the Bulgarian delegation that signed the Treaty of Neuilly-sur-Seine.
  Once the peace treaty was officially signed, Nikola Stoyanov was also appointed as assistant commissioner on reparations. Although Interior Minister Rayko Daskalov was officially the leading figure in these negotiations, it was Stoyanov himself – given his financial expertise – who led the process . Quite quickly he managed to earn himself the disapproval of the Military Inter-Allied Commission of Control. The French representative in the Commission described Stoyanov as a “national extremist expressing xenophobic views, at times even with ill intent.”
  In 1923, Nikola Stoyanov became interim commissioner on reparations, following Rayko Daskalov's dismissal under pressure from the Commission. Even with this change, French representatives still insisted upon further changes to the list of Bulgarian negotiators. At about the same time, Stoyanov published an article under the title "The financial state of Bulgaria and the Bulgarian reparation debt". His pessimistic assessment of the country's solvency went against the policy of the Bulgarian government. Prime Minister Aleksandar Stamboliyski was at the time preparing a compromise solution on reparations. As a result, Stoyanov was not appointed permanent commissioner, but instead was given the task of leading the Bulgarian experts during negotiations with the Commission, which eventually led to the final approval of a reparation schedule with a protocol signed on March 21, 1923. Following the coup d'état of 1923, the new foreign minister Hristo Kalfov was appointed reparation commissioner, while Stoyanov remained his deputy.
  In October 1924, Stoyanov entered a new conflict with the ACC, once again due to a publication of his that advocated the country's incapability of servicing its loans. When the next government assumed office in January 1926, Nikola Stoyanov was removed from reparation debt negotiations once and for all.
caption: At the 1922 Genoa Conference together with the Bulgarian delegation
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