Summary
Bulgaria is preparing for another early election after protests led to the government's resignation and major parties rejected forming a new one. The Bulgarian President announced that a caretaker government will be appointed and a new election date set. The country has faced political instability with seven national elections in the past four years.
Key Facts
- President Rumen Radev announced early elections after political parties refused to form a new government.
- The former government resigned due to protests against corruption and a contentious budget.
- Three attempts to form a government are required by Bulgaria's constitution before calling for a new election.
- A caretaker government will be appointed to manage the country until the elections.
- Bulgaria has experienced political instability, having held seven national elections in four years.
- Protests were sparked by concerns over corruption and planned budget increases affecting social security and taxes.
- Bulgaria officially adopted the euro on January 1, 2023, becoming the 21st EU country to use the currency.
- Political stability is needed in Bulgaria to boost EU funds, foreign investment, and reduce corruption.
