Anton Kutev

A special commission will inspect  Bulgarian Development Bank (BDB) to see why it has financed eight persons, 4 of whom may be indirectly linked to famous businessman and former MP Delyan Peevski.

This was announced by the caretaker Minister of Economy Kiril Petkov in an interview with BTV.

The Bulgarian Development Bank will be thoroughly audited. An ad hoc commission is expected to launch an urgent probe into the work of the financial institution.

With 129 votes in favor, 84 against and 1 abstained, the parliament readopted the Law on the State Budget and overcame the presidential veto over the possibility of open-ended funding for political parties, FOCUS News Agency reported.

A new law that will force the country's newspapers to declare their sources of income and details about their funders, sparking fears of a witch-hunt of foreign-funded media and pressure on individual donors to smaller outlets, has been attracting criticism in Bulgaria.

The vote of no confidence for the Borisov Cabinet over a failure in the security sector did not succeed to overthrow the government.

Dimitar Glavchev announced that he was resigning as speaker of Bulgaria's parliament on Friday after a meeting with Prime Minister Boyko Borissov, the leader of his party, GERB.

During a meeting today, the Bulgarian Socialist Party (BSP) formed their parliamentary group. It will be called "BSP for Bulgaria" and its chairman will be the BSP leader Kornelia Ninova, announced BGNES.

Dimitar Dabov, Evgeni Uzunov, and Angel Naydenov have been removed from the Executive Bureau of the Bulgarian Socialist Party (BSP) at the proposal of BSP Chair Mihail Mikov.

During a Friday sitting of the National Council of BSP, the governing body of the party was downsized from 21 to 18 members.

The government of Plamen Oresharski could resign “any day of next week”, Bulgarian Socialist Party (BSP) MP Anton Kutev told TV7. 

According to Kutev, however, if Oresharski resigned now, elections must be held in August. In his words, elections in end of July were still technically possible “with common agreement and minimum law amendments.”

Momchil Nekov, who surprisingly made it into EP replacing BSP leader Sergey Stanishev, is under pressure to give up his seat, reports suggest.

The 28-year-old, who was number 15 of the Bulgarian Socialist Party's election list, is set to become one its four MEPs after having received a huge portion of preference vote in the European elections.