Borissov: 'We Did Everything We Could'
GERB leader Boyko Borissov expressed his perspective on the recent negotiations surrounding the formation of a government, highlighting the challenges and compromises faced during the process
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"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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During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
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