Bulgaria's ruling party hopes to win the elections later this year in a bid to preserve the political stability in the country and avert financial collapse, the prime minister has said.

"GERB's outright and unconditional victory will safeguard the political stability in the country after the elections and will avert the feared economic collapse," Boyko Borisov said in a joint interview for several local TV channels, which was aired on Tuesday evening.

He hinted that the ruling party, which now governs with a minority government, is determined to steer clear of coalitions, claiming this is the only honest way for the ministers to bear the consequences of their actions.

"We all know what will happen otherwise – the other parties are expected to garner 5,7 or 15% of the votes and will have no other chance but to form coalitions. Bulgaria's experience with this type of governments (headed by Lyuben Berov and the tri-party coalition) shows that they just rob the country and there is no one to face the music afterwards."

According to the prime minister the government's biggest challenge last year was to preserve financial stability and keep up investments in infrastructure.

Borisov sounded upbeat about Bulgaria's economic prospects in 2013, arguing it will start on the way to recovery thanks to investments in infrastructure, development of small and medium-sized businesses and growth in construction and tourism sectors.