AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

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.