The Japan Times - Bulgarian government resigns after mass anti-graft protests

EUR -
AED 4.337117
AFN 76.762656
ALL 96.690162
AMD 446.927248
ANG 2.114034
AOA 1082.951157
ARS 1706.497244
AUD 1.68244
AWG 2.128702
AZN 2.010433
BAM 1.958639
BBD 2.377497
BDT 144.259118
BGN 1.983289
BHD 0.445186
BIF 3498.629352
BMD 1.180972
BND 1.500475
BOB 8.15679
BRL 6.187232
BSD 1.180436
BTN 106.6506
BWP 16.304635
BYN 3.382103
BYR 23147.04989
BZD 2.374031
CAD 1.611371
CDF 2598.138587
CHF 0.916718
CLF 0.025738
CLP 1016.273935
CNY 8.193815
CNH 8.190282
COP 4306.921972
CRC 586.244855
CUC 1.180972
CUP 31.295756
CVE 110.71603
CZK 24.335932
DJF 209.882176
DKK 7.468644
DOP 74.400996
DZD 153.380222
EGP 55.520676
ERN 17.714579
ETB 183.101047
FJD 2.596718
FKP 0.865051
GBP 0.862514
GEL 3.182672
GGP 0.865051
GHS 12.925722
GIP 0.865051
GMD 86.210869
GNF 10338.228629
GTQ 9.054125
GYD 246.965319
HKD 9.227347
HNL 31.187209
HRK 7.530706
HTG 154.834448
HUF 380.84815
IDR 19800.175432
ILS 3.639773
IMP 0.865051
INR 106.787321
IQD 1546.341572
IRR 49748.442871
ISK 144.999641
JEP 0.865051
JMD 184.988158
JOD 0.83734
JPY 184.110568
KES 152.345521
KGS 103.276207
KHR 4820.140141
KMF 493.646051
KPW 1062.85968
KRW 1713.425195
KWD 0.3627
KYD 0.983726
KZT 591.807883
LAK 25390.698778
LBP 105706.484245
LKR 365.369639
LRD 219.556409
LSL 18.906807
LTL 3.487103
LVL 0.714358
LYD 7.462818
MAD 10.827996
MDL 19.989977
MGA 5231.561506
MKD 61.615362
MMK 2480.182693
MNT 4214.214591
MOP 9.49923
MRU 47.122308
MUR 54.194754
MVR 18.246332
MWK 2046.927884
MXN 20.367101
MYR 4.644173
MZN 75.286955
NAD 18.906807
NGN 1643.747318
NIO 43.442975
NOK 11.372518
NPR 170.641361
NZD 1.956085
OMR 0.454082
PAB 1.180406
PEN 3.97386
PGK 5.057331
PHP 69.713433
PKR 330.134963
PLN 4.224514
PYG 7831.352304
QAR 4.292322
RON 5.094947
RSD 117.380385
RUB 90.936379
RWF 1722.782753
SAR 4.428776
SBD 9.516392
SCR 16.236946
SDG 710.353715
SEK 10.523724
SGD 1.500295
SHP 0.886035
SLE 28.904271
SLL 24764.390087
SOS 673.476269
SRD 45.012156
STD 24443.734644
STN 24.535567
SVC 10.328973
SYP 13061.047544
SZL 18.913657
THB 37.40111
TJS 11.031184
TMT 4.145211
TND 3.413448
TOP 2.843497
TRY 51.367794
TTD 7.995556
TWD 37.305839
TZS 3051.678915
UAH 51.084452
UGX 4208.100049
USD 1.180972
UYU 45.465907
UZS 14450.948049
VES 438.897076
VND 30707.632207
VUV 141.17053
WST 3.219703
XAF 656.909254
XAG 0.013897
XAU 0.000238
XCD 3.191635
XCG 2.127384
XDR 0.816137
XOF 656.909254
XPF 119.331742
YER 281.514175
ZAR 18.859625
ZMK 10630.156708
ZMW 23.165483
ZWL 380.272481
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    0.2800

    16.95

    +1.65%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • VOD

    0.3400

    15.25

    +2.23%

  • BTI

    0.8800

    61.87

    +1.42%

  • BP

    1.1200

    38.82

    +2.89%

  • BCE

    0.2700

    26.1

    +1.03%

  • RIO

    3.8500

    96.37

    +4%

  • GSK

    0.8700

    53.34

    +1.63%

  • RELX

    -5.0200

    30.51

    -16.45%

  • NGG

    1.6200

    86.23

    +1.88%

  • BCC

    3.1800

    84.93

    +3.74%

  • CMSD

    -0.1400

    23.94

    -0.58%

  • JRI

    -0.0300

    13.12

    -0.23%

  • AZN

    -4.0900

    184.32

    -2.22%

Bulgarian government resigns after mass anti-graft protests

Bulgarian government resigns after mass anti-graft protests

Bulgaria's prime minister announced Thursday that his government was resigning after less than a year in office following a series of anti-corruption protests, making fresh elections likely.

Text size:

The Balkan EU member, which is introducing the euro from January, has seen a spiral of elections in recent years, with parties unable to form a stable government.

Tens of thousands of people took to the streets across Bulgaria on Wednesday to protest against the government and corruption in the latest rally since the end of last month.

The demonstrations were provoked by a 2026 draft budget, which protesters branded as an attempt to mask rampant corruption. The government withdrew the budget last week, but anger has persisted.

Bulgarian Prime Minister Rossen Jeliazkov's resignation announcement came just ahead of a no-confidence motion in parliament against the government that the opposition had filed.

"The government resigns today," Jeliazkov told reporters after a meeting of ruling parties' leaders.

"People of all ages, ethnic backgrounds, and religions have spoken out in favour of resignation. That is why this civic energy must be supported and encouraged."

Parliament is expected to approve the government's resignation on Friday, with fresh elections likely.

- 'Crisis' -

The European Union's poorest country is due to join the eurozone on January 1. This is expected to go ahead despite the government's resignation.

Institutions directly involved in introducing the euro, such as the Bulgarian National Bank, are "independent and should not be affected by the government's resignation", Petar Ganev, a senior research fellow at the Institute for Market Economics (IME), told AFP.

"However, in an election context, any minor issue related to the euro introduction, such as a price increase or a malfunctioning ATM, will become a topic of political debate," Ganev added.

The Balkan country has seen seven snap elections following massive anti-graft protests in 2020 against the government of three-time premier Boyko Borissov.

Borissov's conservative GERB party topped the most recent election last year, forming the current coalition government in January.

Analysts say low trust in Bulgarian institutions and leaders has been compounded by concerns about prices as the country prepares to adopt the euro.

"Bulgarian society is in a situation of very broad unity against the country's model of governance," Dobromir Zhivkov, director of the Market Links sociological agency, told AFP.

"Levels of trust in the Bulgarian government and parliament remain close to historic lows, which is yet another indicator of the severe political and institutional crisis the country is facing," he added.

- 'I'm fed up' -

Last week, President Rumen Radev declared his support for the protesters and urged the government to resign to make way for early elections.

Assen Vassilev, leader of the opposition We Continue the Change party, welcomed the resignation, calling it "the first step towards transforming Bulgaria into a normal European state".

"The next step is to hold free and fair elections," he told reporters at parliament on Thursday.

On Wednesday, tens of thousands rallied outside the parliament building in Sofia alone, according to an AFP journalist on the scene.

Protesters chanted "Resign" and held up "I'm fed up!" signs featuring caricatures of politicians.

Gergana Gelkova, 24, who works in retail, told AFP she had joined the protest because widespread corruption had become "intolerable".

Most of her friends no longer lived in Bulgaria and did not plan to return, she added.

Bulgaria is one of the lowest ranking members on watchdog Transparency International's Corruption Perception Index.

S.Suzuki--JT