Bulgarian Prime Minister Nikolay Denkov Resigns, Power-Sharing Agreement Continues

The resignation is part of a rotational agreement between the center-right GERB party and the reformist coalition, aiming to stabilize the political landscape and boost economic development.

• Bulgarian lawmakers unanimously approved the resignation of Prime Minister Nikolay Denkov, part of a power-sharing agreement between the center-right GERB party and the reformist coalition led by "We Continue the Change".
• The agreement, made after last year's elections, stipulates that each party will hold the prime minister position for nine months at a time, aiming to end a prolonged political crisis and foster economic development.
• Maria Gabriel, a former European Commissioner and member of GERB, is expected to replace Denkov, who will become deputy prime minister.
• Denkov confirmed Bulgaria's ongoing support for Ukraine against Russian aggression and outlined steps to enhance the country's defense capabilities.
• Disputes between the two main political parties over positions and regulatory changes have threatened early elections, amidst calls for accelerated anti-corruption reforms.

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