Gerb

Conservative GERB has renounced its proposal for legislative amendments that could restore troubled Corporate Commercial Bank (KTB) back to health.

The center-right party had submitted a draft bill under which Bulgaria's central bank BNB would have to save banks that have reported negative equity.

GERB is the biggest party in Parliament with 84 out of 240 MPs.

GERB leader Boyko Borisov told journalists in Parliament he might return the government mandate next Wednesday, if no agreement is reached.

Bulgarian lawmakers are discussing amendments to the 2014 budget and two documents about the situation at Corporate Commercial Bank (KTB) on Friday.

Interim Prime Minister Georgi Bliznashki submitted earlier this week a proposal to the newly-convened Parliament to update the State Budget of the Republic of Bulgaria Act.

A meeting of conservative GERB, right-wing RB and nationalist PF, until recently tipped to form the next Bulgarian government, has begun in Parliament.

GERB sets a deadline till Monday for the Reformist Bloc (RB) to make up its mind on the political formula of the next Bulgarian government.

After a three-hour meeting with RB representatives, GERB MEP Tomislav Donchev told journalists there were three stages - finding of the right political formula, definition of decision-making mechanisms and the make-up of the government.

Center-right GERB is "nearly ready" to have a minority government on its own, leader Boyko Borisov declared after meeting European People's Party (EPP) Group head Joseph Daul.

Speaking on the sidelines in Parliament Borisov added some of the ideas the nationalist Patriotic Front (PF) is currently setting out are putting a wheel on any cooperation with the alliance.

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European People's Party Group Chair Joseph Daul met leaders of conservative GERB party and right-wing Reformist Bloc, but also two parties to the left of the political spectrum.

During his visit to the Bulgarian capital on Tuesday Sofia Daul called on political parties to forge a center-right government.

A meeting between conservative GERB party, right-wing Reformist Bloc and nationalist Patriotic Front is currently being prepared, Radan Kanev from the RB has claimed.

A surprising meeting was held Tuesday evening between Radan Kanev, co-Chairman of the Reformist Bloc, and members of GERB party's team tasked to carry out government consultations, sources say.

Right-wing Reformist Bloc's Parliament group heads have rejected a proposal made by GERB leader Boyko Borisov that the two parties co-form a minority cabinet.

After a session of the RB's lawmakers that followed consultations of all political parties in Parliament on Tuesday, both Radan Kanev and Meglena Kuneva said their alliance was not willing to join a minority coalition.