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Bulgaria's Government Resigns Amid Protests, Eurozone Entry Delayed

Bulgaria's Government Resigns Amid Protests, Eurozone Entry Delayed

Update: 2025-12-12
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Bulgarian Government Resigns Amidst Massive Protests: The government of Bulgaria, led by the center-right GERB party, resigned today, just weeks before the country was set to join the Eurozone. This move came after weeks of widespread protests and a no-confidence vote in parliament, fueled by public anger over economic mismanagement and corruption. The resignation was announced moments before the no-confidence vote and followed large demonstrations that began last week, initially sparked by government plans to raise taxes and social security contributions. The protests saw a significant turnout, with organizers estimating over one hundred thousand people in the streets. A major point of frustration for many was the influence of Delyan Peevski, a politician and oligarch who has faced sanctions from both the United States and the United Kingdom. His party supports the current government, and opponents accuse him of shaping government policy to benefit his own interests. The resignation will be formally presented to parliament tomorrow, and if accepted, the president will then try to form a new government. If all attempts to form a new government fail, the president will appoint an interim cabinet until new elections can be held, which would be the eighth election since two thousand twenty-one.

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Bulgaria's Government Resigns Amid Protests, Eurozone Entry Delayed

Bulgaria's Government Resigns Amid Protests, Eurozone Entry Delayed