Politics | November 20, 2001, Tuesday // 00:00

In its 20 November edition, Financial Times analyses the Bulgarian political and economic situation. “The excitement surrounding Mr Saxe-Coburg’s victory is fast evaporating in the harsh reality of governing one of eastern Europe’s poorer countries. While the new government is winning approval from international financial institutions, it must work hard to retain the confidence of Bulgarians. Already there have been demonstrations protesting at the lack of progress under the former king and complaining about alleged splits in the government. And the result of the presidential election last Sunday is a further sign of public dissatisfaction. Georgi Paranov, leader of the former communist Socialist party beat the incumbant, Petar Stoyanov, by 53.3 per cent to 46.7 per cent,” the article reads.

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