The Presidential elections in Bulgaria showed change on the political map in the country and might cause resigning of the Prime Minister Boyko Borissov. Their candidate for President of Bulgaria lost the first round of elections against the main opposition party in the country. If the Bulgarian Prime Minister keep his words, he should resign in case of losing the vote. This probably will cause shocks and political tension in the Eastern European country, as well as economic policy.
After the first round of the Presidential elections, the candidate of GERB Tsetska Tsacheva got 23.5% from the votes, while the opposition candidate Rumen Radev got 24.8%. The both candidates will go on second round, where will be selected the new President of Bulgaria.
Although the vote is not important for the ruling of the country, as the President has formal role in the country, but this shows drastic change in the political map of the country. The vote of the people made the Bulgarian Socialist Party leader in the country, which probably will head to preliminary election during the next Spring. The political tension and instability might be a stumbling stone for the economy, which is steady growing and sees the positive forecast. Just a few days ago, IMF raised its forecasts for the economic growth of the country, but on the background of political stability. Now the forecasts might be seriously hampered by the new elections and change in the course of the country’s economy.
After releasing of the first preliminary results, the leaders of the opposition parties asked for early elections and resigning of the government. Currently, the Executive Office of GERB meet at the election results and hardly will result in an hour or two, but considering the opportunity for early elections in 2017.
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