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Trifonov s retreat from government formation sparks constitutional problem for Bulgaria
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Deadline looms for first bid to get a new Bulgarian government elected
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Formation of stable government critical for Bulgaria s credit outlook - Scope Ratings Author: Municipality of Sofia. License: All rights reserved.
SOFIA (Bulgaria), August 4 (SeeNews) - The formation of a stable and reform-driven Bulgarian government is unclear despite its critical importance for the country s credit outlook, Berlin-based Scope Ratings said on Wednesday. After Bulgaria’s repeat elections in July, it remains unclear if anti-corruption parties can coalesce to form a stable government even though one remains vital for addressing institutional weaknesses and ensuring sustained economic recovery, Scope said in an article on the current government formation process in Bulgaria.
“Bulgaria’s historical political instability has been a credit ratings constraint – restricting the continuity of reform and limiting longer-term economic planning – and contributed to populist government spending, weighing down on an otherwise strong sovereign bal