BBC: Bulgaria Calls Snap Vote Amid Banking Crisis

Views on BG | August 6, 2014, Wednesday // 17:45
Bulgaria: BBC: Bulgaria Calls Snap Vote Amid Banking Crisis President Rosen Plevneliev (L) and interim Prime Minister Georgi Bliznashki. Photo by BGNES

Bulgaria will hold early general elections in October following the dissolution of parliament “amid the worst banking crisis” since the 1990s, the BBC said on Wednesday.

President Rosen Plevneliev set the vote for October 5 and appointed a caretaker government  led by constitutional law expert Georgi Bliznashki as prime minister on Wednesday.

In its coverage of the news the BBC highlighted that on Tuesday Bliznashki promised to improve the country’s “image in the EU and NATO" and pledged that his cabinet will ensure fair and transparent snap elections.

The BBC also said that Bliznashki, a former Socialist MP, had “gained popularity after he was expelled from the party over his open criticism of its policies”.

Putting the news of Bliznashki taking office in a wider context, the media pointed out that the October election will be the second one for Bulgarian voters in less than two years.

It also said that Bulgaria’s parliament was dissolved on Wednesday “amid the worst banking crisis” in the Balkan country since the 1990s triggered by a run on deposits in Corporate Commercial Bank (KTB) in June. KTB, Bulgaria’s fourth-biggest lender, has been closed since June 20 and awaits an audit of its books ordered by the Bulgarian National Bank.

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