CEDB to return government-forming mandate to President, party leader says

By bne IntelliNews May 22, 2013

Boyko Borissov, leader of centre-right CEDB - the party which won the May 12 parliamentary elections in Bulgaria, vowed to return the mandate to form a government to the President right after he receives it on May 23, Dnevnik daily reported. Borissov informed that before giving back the mandate to Plevneliev he will announce his cabinet proposal even though he is certain that it will not be supported by the remaining parties in the parliament.

If CEDB gives up on forming a government, the mandate will go to the second largest party - socialist BSP, which received 26.6% of the votes at the elections.

On Monday, May 20, BSP approved Plamen Oresharski's PM candidacy and also the blueprint for his work if he is to become a premier. In the short-term, the plan will focus on lowering electricity prices, increasing the size of certain social benefits, and changing the price-formation of state-subsidised medicine. Oresharski has also expressed intention to make access to credit easier, increase the minimum wage and reduce the administrative burden.

The ethnic Turk party MRF, BSP's most certain coalition partner, has pledged its support for an Oresharski-led government under the condition that the 10% flat tax that is currently in place is not substituted for a progressive form of taxation.

Radical Ataka, the fourth party in the new parliament and the one with the least number of seats, said that it does not approve of an Oresharski-led cabinet. Interestingly enough, the party's leader Volen Siderov made that statement on the same day in which Ataka's MPs allegedly intentionally did not register to vote during the parliament's first session. As a result the quorum was lowered and Mihail Mikov, parliamentary member from BSP, was elected as the President of the 42nd National Assembly with the votes of 118 deputies. This move was construed as a sign of silent support for a BSP-led government.

Related Articles

Bulgarian prosecutors file indictment against defence minister

The Sofia city prosecutor’s office filed indictment with Sofia city court against outgoing Defence Minister Nikolay Nenchev over his alleged failure to ensure aviation safety and the ... more

Bulgaria’s former justice minister launches anti-corruption party

Bulgaria’s former Justice Minister Hristo Ivanov will lead the newly formed Yes Bulgaria party as it prepares to compete in the upcoming general election on an anti-corruption platform.  ... more

Belgium’s KBC buys United Bulgarian Bank and Interlease for €610mn

Belgian-based KBC Group said on December 30 that it is acquiring United Bulgarian Bank (UBB) and Bulgarian leasing ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss