Bulgarian Socialist Party

The leader of the Bulgarian Socialist Party, Sergey Stanishev stated that the most important task now is to stabilize the banking system and regain the public trust.

President (2002-2011) Georgi Parvanov has called for constitutional changes to introduce the presidential system in Bulgaria.

Parvanov, who has already served the maximum of two terms in office, told at the conference marking the foundation of his ABV party on Saturday that he was even willing to encourage a citizens' initiative boosting presidential powers, Dnevnik.bg reported.

Bulgarian President (2002-2011) Georgi Parvanov is due to found the Alternative for Bulgarian Revival (ABV) party on his birthday on Saturday.

ABV has grown out of his movement with the same name, which Parvanov, also a former socialist party (BSP) leader, has headed for years and which surprisingly chose to run at European Parliament elections separately from BSP this year.

Bulgaria’s Parliament voted in favor of terminating Socialist leader Sergey Stanishev’s MP term, which would allow him to enter the European Parliament.

Economy Minister Dragomir Stoynev, Defense Minister Angel Naydenov and Parliament Speaker Mihail Mikov have the same chance to head the main ruling party, media reports suggest.

Boyko Borisov, leader of center-right party GERB, has ruled out the opportunity of a new government under the 42nd National Assembly.

Speaking Tuesday at an extraordinary press conference, Borisov called on the ruling parties to schedule elections for a new Parliament in mid-September.

Bulgarian ruling party chief Sergey Stanishev has surprisingly submitted to Parliament a request to be freed of his duties as a lawmaker in order to become MEP.

His move suggests a sharp turn in plans he has maintained over the past months.

The Deputy Chair of the Bulgarian Socialist Party (BSP) parliamentary group, Yanaki Stoilov, announced his resignation on Thursday.

“I remain a loyal member of our parliamentary group, should it continue its work over the coming weeks”, Stoilov commented.

One of the reasons for Stoilov’s resignation is the Parliament’s refusal to postpone the vote on shifts in the cabinet.

Lawmakers in Bulgarian Parliament rejected a referendum proposal which allows citizens to decide on the introduction of a majority system, mandatory voting, and e-voting.

Bulgarian Socialist Party (BSP)'s branch in the capital Sofia insists that thorough changes be carried out within the Executive Bureau, reports in Bulgarian media claim.

At a meeting late Monday, the Sofia bureau reached the conclusion that the next socialist leader should be chosen following elections within the party, Dnevnik.bg reports.