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In November 2008, Nikolova earned the title of Woman International Master (WIM). Nikolova married chess arbiter Dimitar Iliev in 2011.

She is Bulgaria"s newest WGM and her chess club team is Lokomotiv 2000 from Plovdiv, with which she has won three national championships. She has so far represented her country in five major chess championships - the European Team Chess Championship, which was held in Novi Sad in 2009 (scoring 15/7 on Board 2), the 2010 Chess Olympiad in Khanty-Mansiysk (achieving 5/9 on Board 3), the 2011 European Team Chess Championship hosted at the Porto Carras resort in Greece (managing 45/7 on Board 4), the 2012 Chess Olympiad in Istanbul (finishing with 5/9 points on Board 3) as well as the 2014 Chess Olympiad in Tromsø (securing 6/9 points on Board 3). In July 2011, she received a gold medal and an official certificate to honour her achievement in becoming a woman grandmaster. Nikolova also won the 2011 edition of the Bulgarian Women Chess Championship (scoring 9/11).