Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Bulgarian lawmakers approve government resignation, snap election looks likely
    Headlines

    Bulgarian lawmakers approve government resignation, snap election looks likely

    Published by Global Banking & Finance Review®

    Posted on December 12, 2025

    2 min read

    Last updated: January 20, 2026

    Bulgarian lawmakers approve government resignation, snap election looks likely - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:PresidentGovernment fundingfinancial crisiseconomic growthdebt sustainability

    Quick Summary

    Bulgarian lawmakers approved the government's resignation, leading to likely snap elections amid protests against corruption and budget changes.

    Bulgarian Government Resigns, Snap Election Likely

    Dec 12 (Reuters) - ‌Bulgarian lawmakers formally approved on Friday the resignation of ‍the country's ‌minority government, a day after it bowed to mass street protests ⁠and said it would quit, ‌paving the way for talks on forming a new coalition or most likely a snap election.

    Prime Minister Rosen Zhelyakov's government announced on Thursday it would ⁠step down after weeks of street protests against state corruption and a new budget ​that would have hiked social security contributions and ‌taxes on dividends.

    The decision comes ⁠just three weeks before the Black Sea nation of 6.7 million people is due to join the euro zone on January ​1.

    All 227 lawmakers attending Friday's session of the 240-member chamber voted in favour of the government's resignation.

    They are also expected later on Friday to approve a revised 2026 budget on its first ​reading.

    President Rumen ‍Radev, who himself had ​urged the government to resign, will now hand the largest party in parliament, GERB, the mandate to form a new government. However its leader, Boyko Borissov, has indicated it will turn down the mandate.

    In such a scenario, unless two other parties accept the mandate to ⁠form a government, Radev will appoint an interim administration and call a snap election. This could ​pitch Bulgaria back into a cycle of repeated polls if no one can form a functioning coalition.

    Bulgaria, a member of NATO and the European Union, has held seven national ‌elections in the past four years as successive governments failed to keep control of a fractured parliament.

    (Reporting by Daria Sito-SucicEditing by Gareth Jones)

    Key Takeaways

    • •Bulgarian government resigns amid mass protests.
    • •Snap election likely as GERB party declines mandate.
    • •Protests driven by state corruption and budget issues.
    • •Bulgaria set to join euro zone on January 1.
    • •President Radev to appoint interim administration.

    Frequently Asked Questions about Bulgarian lawmakers approve government resignation, snap election looks likely

    1What is the main topic?

    The resignation of the Bulgarian government following mass protests and the potential for a snap election.

    2Why did the Bulgarian government resign?

    The government resigned due to mass protests against state corruption and proposed budget changes.

    3What happens after the government's resignation?

    An interim administration may be appointed, and a snap election is likely if no coalition is formed.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Two airports in Poland closed due to Russian strikes on Ukraine
    Two airports in Poland closed due to Russian strikes on Ukraine
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostExclusive-Russia's monthly oil and gas revenue poised to hit lowest since August 2020
    Next Headlines PostUK sanctions RSF commanders over links to mass killings in Sudan