AIRLINK 193.50 No Change ▼ 0.00 (0%)
BOP 9.93 Increased By ▲ 0.29 (3.01%)
CNERGY 7.66 Increased By ▲ 0.13 (1.73%)
FCCL 37.80 Increased By ▲ 0.10 (0.27%)
FFL 15.77 Increased By ▲ 0.17 (1.09%)
FLYNG 25.50 Decreased By ▼ -0.09 (-0.35%)
HUBC 130.00 Increased By ▲ 2.93 (2.31%)
HUMNL 13.65 Increased By ▲ 0.15 (1.11%)
KEL 4.71 Increased By ▲ 0.13 (2.84%)
KOSM 6.22 Increased By ▲ 0.12 (1.97%)
MLCF 44.32 Increased By ▲ 0.36 (0.82%)
OGDC 208.00 Increased By ▲ 4.76 (2.34%)
PACE 6.57 Increased By ▲ 0.17 (2.66%)
PAEL 40.59 Decreased By ▼ -0.39 (-0.95%)
PIAHCLA 17.55 Increased By ▲ 0.06 (0.34%)
PIBTL 8.12 Increased By ▲ 0.46 (6.01%)
POWER 9.18 Increased By ▲ 0.10 (1.1%)
PPL 179.79 Increased By ▲ 5.54 (3.18%)
PRL 39.20 Increased By ▲ 1.13 (2.97%)
PTC 24.01 Decreased By ▼ -0.06 (-0.25%)
SEARL 107.68 Increased By ▲ 0.44 (0.41%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 38.88 Increased By ▲ 2.48 (6.81%)
SYM 19.03 Decreased By ▼ -0.01 (-0.05%)
TELE 8.65 Increased By ▲ 0.41 (4.98%)
TPLP 12.40 Increased By ▲ 0.62 (5.26%)
TRG 65.80 Increased By ▲ 0.92 (1.42%)
WAVESAPP 12.79 Increased By ▲ 1.16 (9.97%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.96 Increased By ▲ 0.11 (2.86%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

SOFIA: Bulgaria's foreign and energy ministers resigned on Monday after their party, the populist ITN, quit the governing coalition last week, compounding the Balkan country's political crisis.

Prime Minister Kiril Petkov has said he will try to secure parliamentary support for a minority government. However, analysts say new elections in the autumn could be on the cards for the European Union's poorest member state.

ITN left the shaky, four-party coalition six months after it was formed, citing disagreement over policies ranging from whether Bulgaria should unlock North Macedonia's European Union accession talks to anti-corruption legislation in one of the EU's most graft-ridden countries.

Foreign Minister Teodora Genchovska and Energy Minister Alexander Nikolov stepped down in a nod to the decision of ITN to leave. The two other ITN ministers, who oversaw regional development and sports, quit last week.

Petkov, unable to rely on any of the opposition parties for help, is counting on winning support from at least 12 defecting ITN lawmakers, hoping to avoid new elections amid Russia's invasion of Ukraine and inflation running at a 14-year high.

Five ITN lawmakers and the sports minister said they would leave the anti-establishment party, which they said was hindering the government's efforts to stop graft-prone deals. ITN's leadership denied any wrongdoing.

Petkov's centrist PP party welcomed their move.

"We hope other brave deputies to appear. When they do, we will move to propose changes in the government," PP leader and deputy Prime Minister Assen Vassilev told reporters.

Political analysts said Petkov might still muster a razor-thin majority, but snap polls remained likely.

"We are yet to see if Petkov can win enough support in the parliament and under what conditions. Early elections remain on the table for now," Daniel Smilov of the Sofia-based Centre for Liberal Strategies said.

The first test for Petkov will come with pending votes in the parliament on changes to the 2022 budget.

Comments

Comments are closed.