Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
FILE PHOTO: Boyko Borissov, leader of the centre-right GERB party, speaks to the media, during a general election, at a polling station in Sofia, Bulgaria, October 2, 2022. REUTERS/Spasiyana Sergieva
Centre-right GERB party leads in Bulgaria election -partial results
SOFIA (Reuters) -Bulgaria’s centre-right GERB party of former long-serving Prime Minister Boyko Borissov is set to win Sunday’s election, the fourth in less than two years, partial results showed, but its chances of forming a coalition government remain unclear.
With 99% of the ballots counted, partial official results showed GERB winning with 25.4%. Its main rival, the reformist We Continue the Change of Kiril Petkov, whose coalition cabinet collapsed in June, came second with 20.2%.
The results point to difficult coalition talks in a fractured parliament or even another snap election in the European Union member state.
Either would prolong political instability amid steep surging energy and consumer prices and war in Ukraine and raise the prospect of Bulgaria missing its 2024 target date for entry into the single currency euro zone.
Five political parties are seen entering the next parliament, the partial results showed. Final official results are expected on Thursday.
Efforts to put together a functioning coalition are complicated by the fact that many of Borissov’s political adversaries accuse him of allowing widespread corruption to fester during his decade-long rule that ended last year. Borissov denies the allegations.
Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!
Some voters in the European Union’s poorest member state say Borissov offers stability and has diplomatic experience required to navigate Bulgaria’s complex relationship with Russia.
Borissov is yet to comment on the election results. Prior to the vote he indicated he would be open to talks with to all political parties and appealed to his rivals to show “reason” ahead of difficult winter.
We Continue the Change party has conceded defeat and said it would stay in opposition.
“We have pledged that we would not go into coalition with GERB and we will stay true to our promise,” Petkov said on Monday, adding that his party remained adamant about fighting endemic corruption.
(Reporting by Tsvetelia TsolovaEditing by Shri Navaratnam and Philippa Fletcher)
Join millions of others and stay up to date with the latest developments.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.