GERB Leader Boyko Borisov Is Ready To Be Prime Minister

"I am ready to assume the full responsibility, though I am aware that this will be detrimental to the party," Boyko Borisov, leader of GERB - the party with largest number of seats in Parliament said at the opening session.

"However, it will be more detrimental if we don't have a government and hold new early elections in January," he added.

Borisov pointed out he was ready to discuss the options with the leaders of the other parliamentary-represented parties in the next couple of days.

According to Borisov, there were three possible time frames for the new government: a short mandate - until next summer when new early elections can be held with those for mayors; a two-year period: until the presidential elections and a long-term mandate - a full four-year term, in which case he was not going to run for president.

GERB's Chairman ruled out he was preparing his party for presidential elections that are to be held in 2016.

"Presidential elections are not part of my plans at all and I will ask you not to speculate about that," he warned from the rostrum.

Borisov also added that if the other parties in Parliament were willing to support a government, he was willing to accept him not being a prime minister.