Daniel Mitov Ready for Foreign Minister Role Amid Geopolitical Test in Bulgaria
Daniel Mitov, Deputy Chairman of GERB, has expressed his readiness to assume the position of Acting Foreign Minister
"Given GERB's willingness for an IMF program, among other things, a strong government led by GERB should be well-received by the markets," Citigroup analysts said in a note to clients, as cited by MarketWatch.
Citigroup analysts called the election results positive.
The opposition party of Sofia mayor Boiko Borisov has won a landslide victory in Bulgaria's parliamentary election on Sunday, as voters angry over corruption and the economic downturn ousted the incumbent Socialist Party, data from the Central Election Commission showed.
Borisov's center-right Citizens for the European Development of Bulgaria party, known as GERB, won 39.7% of the vote, while the Socialists captured only 17.7%.
Despite GERB's strong showing in the election, the party will most likely have to form a coalition government, since it may not be able to garner an outright parliamentary majority.
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According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022