Zhelyazkov's government resigns after losing political support
The Bulgarian government, headed by Prime Minister Zhelyazkov, has officially resigned following a sharp deterioration in the political situation. The announcement was made at a short briefing in the Council of Ministers building. In a statement, the prime minister said that the team had lost political support and that the resignation was necessary to restore trust and stability to the institutions. Zheliazkov thanked his ministers and partners for their work." This was reported by The Public with reference to Novinite.
The decision immediately triggered the constitutional procedure for forming a new government. The president must hold consultations with the parliamentary forces and determine who will be the first to receive a mandate to form a cabinet. The opposition has already called for either urgent elections or a caretaker government.
Markets reacted with restraint, although analysts warn of possible risks if political negotiations are delayed. Meanwhile, in parliament, MPs called the resignation either unexpected or too late. They were particularly outraged by its appearance just minutes before the expected vote of no confidence.
At the parliament building, protesters greeted the news with restrained relief and doubts about the next steps of the political elites. According to the Constitution, the current ministers remain in the status of acting ministers until a new government is formed.
Analysts predict difficult negotiations between the parties due to the fragmentation of the parliament and growing public distrust. If no agreement is reached, the country may face early elections.
