[1] Mihaylova was born in Pazardzhik, in the family of a lawyer and a physician.
[2] She graduated from Sofia University in 1978 with a degree in legal studies and started working as an attorney in 1980.
[2] Her political career began in the 1990s when she gained prominence as a member of the UDF.
Alongside Yordan Sokolov, she is considered to be among the staunchest supporters of Ivan Kostov and his policies.
[2] On 6 November 2007, she was honored with the academic title "honorary professor of New Bulgarian University" for her significant contributions to the development of the theoretical and practical aspects of Bulgarian parliamentarism.