Watch List notes:

BULGARIA.

Ferdinand I, 1887-1908. Order of Military Merit. Established by Prince Ferdinand I on May 18th, 1900. Second class badge in gilt-bronze and enamels. 64 x 96 mm. Romanoff 164. BR. 60.03 g.
EF
Offered to the Prime Minister Georgi Kyoseivanov (born Peshtera, Bulgaria 1884 - died Switzerland 1960) by the King Boris III. Georgi Ivanov Kyoseivanov was a Bulgarian politician who went on to serve as Prime Minister from 1935 to 1940.