Politics of Bulgaria

Amidst a backdrop of mounting tensions and failed negotiations, Bulgaria finds itself entrenched in a political stalemate with significant implications. As the clock strikes noon, President Rumen Radev will deliver the first exploratory mandate for cabinet formation to GERB.

Negotiations between Bulgarian political parties GERB and "We Continuing the Change - Democratic Bulgaria" (WCC-DB) ended in failure, announced resigned Deputy Prime Minister Mariya Gabriel at a Sunday evening briefing.

Eurogroup President Paschal Donohoe confirmed that Bulgaria could adopt the euro in 2025. This statement came following discussions with Bulgarian officials, including outgoing Prime Minister Nikolay Denkov, outgoing Deputy Prime Minister Mariya Gabriel, and outgoing Finance Minister Assen Vassilev.

President Rumen Radev is poised to issue a mandate for cabinet formation to an individual designated by GERB, the largest parliamentary group, on March 15th. This decision comes against the backdrop of Prime Minister Nikolai Denkov's resignation on March 5th, which initiated the process of government rotation.

Resigned Prime Minister Nikolai Denkov has issued a stark ultimatum, indicating that Bulgaria may be headed for early elections if negotiations to form a government with the first mandate falter.

After a series of consultations with President Rumen Radev, discussions about the future governance of Bulgaria are ongoing. Resigned Deputy Prime Minister Mariya Gabriel, along with other key figures from GERB, provided updates following their meetings.

As the 49th National Assembly gears up for the next phase of government formation, President Rumen Radev is scheduled to commence consultations with political parties on Monday. This crucial step marks the beginning of the process wherein the President will hand over the first exploratory mandate to form a government to a candidate nominated by the largest parliamentary group, GERB.

After nine months of governing the country in turbulent times and an uncertain "assembly", the "Denkov" cabinet went down in history unanimously - all 216 deputies in the plenary hall voted for the resignation of the prime minister, submitted on Tuesday. There was not a single vote against or abstention.

The Bulgarian parliament has entered a crucial phase of political negotiations as it approved the resignation of the "Denkov" cabinet, signaling a transition into rotating the government. The move comes amidst ongoing discussions between the ruling formations GERB and "We Continue the Change - Democratic Bulgaria" regarding the power dynamics for the next nine months.

In an unexpected move, Prime Minister Nikolai Denkov has tendered his resignation to the National Assembly, as confirmed by the press center of the Council of Ministers. This decision comes as a surprise, given the prior agreement with GERB, stipulating his resignation between March 6 and 9, marking nine months since his election to the prime ministerial post.