Asparuh Panov was born in 1949 in Sofia. In 1973 he graduated in chemistry at Sofia University "St. Kliment Ohridski" and until 1990 is a research associate at the Central Laboratory of Photoprocesses at the Bulgarian Academy of Sciences.
Since the end of 1989 he has been involved in political activity. Until 1995 he was Deputy chairman of the Radical Democratic Party. From 1991 to 1994 he was a member of the UDF of the UDF (1993-1994 and his Deputy Chairman - Foreign Policy and International Relations).
From 1991 to 1994 he was a member of the 36th National Assembly, head of the Bulgarian Delegation to the Parliamentary Assembly of the Council of Europe (PACE) and chairman of the Friendship Group with the German Bundestag. In 1992-1993 he was Vice President of PACE, and in 1993-1994 was Vice President of the Liberal Group in PACE. From 1994 to 1996 he was Vice President of the Liberal International.
Since 1998, he has worked at the Friedrich Naumann German Liberation Policy Foundation. He is involved in the implementation of projects of the Foundation in Bulgaria, Macedonia and the Southern Caucasus. He is Chairman of the Management Board of the Institute for Liberal Studies, Member of the Management Board of the Bulgarian-German Forum and Member of the Management Board of the Balkan Political Club Foundation. He has participated in numerous international seminars and conferences, and has published numerous scientific publications and political publications in periodicals.