The agreements helped stabilise the country's national currency and contributed to the economic growth Bulgaria experienced prior to World War II.

Following the end of the Russo-Turkish war of 1877–78 and the subsequent Treaty of Berlin, Dojran remained outside the newly established Principality of Bulgaria.

Although his initial desire was to study engineering abroad, Stoyanov received a state scholarship for the “Higher School” (today St. Clement of Ohrid University of Sofia), where he entered the physics and mathematics department.

[2] In 1908, Nikola Stoyanov decided to put an end to his scientific career in astronomy and started work in the Bulgarian National Bank.

[5] In 1920 and in 1926 he was named Docent in astronomy at Sofia University, but refused to accept the post due to his workload at the Ministry of Finance.

He spent the next couple of months reading various publications in the fields of economics, finance and statistics, including the works of scholars such as Vilfredo Pareto and Clément Juglar.

Following his return to Bulgaria, he prepared a report that became the basis for the Act on the Insurance of Agriculture Crops against Hail and of Cattle against Death and Accidents.

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 .

[8] 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.

[8] 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.

[8] Unlike the aggressive and emotional line of conduct he followed when discussing reparations, Nikola Stoyanov kept calm while he led the complex negotiations on Interwar loans.

The agreements helped stabilise Bulgaria’s national currency, the Lev, and, as an outcome, the country’s economy started registering growth.

[4] After the murder of Aleksandar Protogerov in 1928, Stoyanov started supporting the so-called ‘’Mihaylovist’’ fraction of the Internal Macedonian Revolutionary Organization.

Stoyanov participated in yet more public organisations, like the Yunak Gymnastic Society, the Periodicals’ Union, and the local Rotary Club, among others.

[4] A month later, Stoyanov was arrested and sent to the Home for Blind People, which Communist authorities used as a distribution center for political prisoners.

[1] During his extensive career in state administration, Nikola Stoyanov tried to showcase his political neutrality, although some of his actions suggested he had sympathies for the Bulgarian Agrarian People's Union.

[16] In the months before the totalitarian regime took a firm grip on Bulgaria, Nikola Stoyanov contributed to the journal of the newly established Institute for Economic Rationalisation.

Stoyanov sent out sharp criticism over what he deemed a “punitive and unjust reparation debt.” The study was published by the Bulgarian Economic Society's journal.