[4] Nikolay Nenovsky graduated from the Moscow State University, Russia (M.A in 1989), received his Ph.D. in economics from the Bulgarian Academy of Sciences (1995).

On completing his PhD he lectured at the University of National and World Economy,[5] Sofia where, later, he became a professor of Economics and taught Monetary theory and International Finance.

He was STUDIUM (Institute for Advanced Studies) researcher at the University of Orleans (LEO),[6] 2010–2012, where he organized conference on economic and geostrategic issues of Balkan economies (February 2011), and in December 2011 - on bank regulation and systemic risk.

[10] Nikolay Nenovsky is founder and vice-president of Bulgarian Macroeconomic Association[11] (2003–2005), and founder of Bulgarian Hayek Society (2002) and BHS monthly seminar (since 2004)[12] Nikolay Nenovsky is a participant in The State in the Balkans: Public Service Institutions, their Role and Development which is joint Balkan Futures workshop, of the British School at Athens, the British Institute at Ankara, and the École française d'Athènes, March 6–7, 2014.

[14] Among his former PhD students are: Peter Chobanov (Ph.D. thesis – Systemic risk, University of National and World Economy, Sofia, 2005), Chairman of the Financial Supervision Commission,[16] Gerguana Mihaylova (financial system in transition, University of National and World Economy, 2007), Deputy President of National Statistical Institute,[17] Darina Koleva (exchange rate regimes, co-tutelle, University of Orleans, France, 2006), Financial Supervision Commission – Head of the Office of the chairman,[18] Desislava Tocheva (currency boards, co-tutelle, University of Orleans, France, 2004), Professor of Finance and Accounting, IFAG, Sofia,[19] Katerina Vojcheska, Research Fellow III degree, Bulgarian Academy of Science,[20] Souleymane Ndao, Institut des Politiques Publiques, Dakar, Senegal, Hicham Hachem, Council for Development & Reconstruction,[21] CNAM Beyrouth.