Bulgarian Political Power-Sharing Agreement
Bulgarian lawmakers approve resignation of Prime Minister Nikolay Denkov as part of a power-sharing agreement, with Maria Gabriel expected to replace him. The two main political parties are taking turns holding the top job for nine months each to restore stability and spur economic development in Bulgaria, the poorest EU member country.
Key Points
- Power-sharing agreement between GERB and reformist coalition
- Denkov's resignation approved unanimously
- Maria Gabriel expected to replace Denkov
- Focus on support for Ukraine against Russia's aggression
Pros
- Restoring stability in Bulgaria
- Spurring economic development in the country
Cons
- Political crisis lasting over two years