Bulgarian Cabinet resignation – what happens next?

July 25, 2014 by  
Filed under Featured, News

Bulgaria

Plamen Oresharski formally resigned as prime minister on July 23, after weeks of speculation and – in certain quarters – anxiety about whether he would play his part in carrying out the agreement reached by political parties to hold early parliamentary elections.

The Wall Street Journal: Bulgaria’s Prime Minister Plamen Oresharski late Wednesday submitted his resignation to parliament, a move that will lead to his entire cabinet stepping down after a tumultuous year marked by public protests, a banking crisis and confrontations with the European Union. [more]

Bulgarian Outgoing Ministers React to Cabinet Resignation: Most of Bulgaria’s outgoing ministers have assessed their work in office as “positive” and have voiced warnings the next government would face a number of issues. [more]

Deutsche Welle: Socialist-backed Oresharski Cabinet resigns in Bulgaria. Bulgaria’s prime minister has resigned ahead of snap elections to end months of political turmoil in the European Union’s poorest country. The legislature as expected approve the resignation on Thursday. [more]

New York Times: The fate of one of the biggest banks in the European Union’s poorest country, Bulgaria, remains hostage to a political crisis, which caused the prime minister’s government to resign on Wednesday. [more]

BBC: Bulgaria prime minister quits to allow snap election. The embattled Socialist prime minister of Bulgaria has resigned after only a year in office to allow for an early election on 5 October. [more]

MORE to COME:

  • August 5, 2014 – President Plevneliev announces the line-up of the caretaker Cabinet, which will have reduced powers and whose main task will be to prepare and hold the snap elections. This will be the second caretaker government appointed by Plevneliev, who was elected on the GERB ticket in 2011 – in March 2013, he appointed ambassador Marin Raykov as caretaker prime minister.
  • August 6, 2014 – the 42nd National Assembly is officially prorogued by presidential decree.
  • October 5, 2014 – Bulgaria holds early parliamentary elections.

HISTORY of EVENTS:

Bulgaria’s Cabinet to Resign

July 20, 2014 by  
Filed under Featured, News

The Oresharski cabinet will resign on July 23, Wednesday, Bulgaria’s Minister of Economy Dragomir Stoynev told Darik yesterday.

The minister emphasized that the faster the early elections, the better, because “the political crisis could affect the economy.” He also said, however, that before its resignation, the current government has to choose Bulgaria’s next EU Comissioner, who will not be withdrawn by the caretaker government.

Stoynev expressed that current Bulgarian Commissioner Kristalina Georgieva unfortunately has no chance of being nominated as High Commissioner for Foreign Affairs despite the strong support from Prime Minister Oresharski. “I’m pretty sure that her candidacy will not succeed” he noted by refusing details. As a report on the work done last year in office, Stoynev stated that Bulgaria had growth of above 1% – which has not happened since the crisis from 2009. “The Cabinet created 40,000 jobs, which has been unprecedented in the last five years,” he commented.

Minister Stoynev is against the current state budget update attempts, as he deems that unneccessary. In his opinion, the budget of NHIF also does not need to be updated. “Pouring money into an unreformed system of mismanagement will not solve the problem,” he said and recommended to look for internal reserves by restructuring the health budget.