Panov was born on July 18, 1902, in the town of Veliko Tarnovo, Bulgaria.

He made his debut in 1955 on the stage of the Plovdiv Theater in Chehov's play Five Small Comedies.

He continued to work with this theater, not only as an actor, but also as a director of such plays as Sluzhbogontsi by the eminent Bulgarian writer Ivan Vazov.

His cinematic debut was in 1960 in the film The Road Is Going Through Belovir, written by Pavel Vezhinov and directed by Petar B. Vasilev.

In the film we can see Apostol Karamitev in the leading role of the engineer Petrov.