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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CEE
Earlier today Bulgaria's President Rumen Radev announced the dissolution of parliament and called snap legislative elections for 11 July. The move comes after none of the parties elected in the 4 April general election were able to cobble together a majority in parliament.
Chart 1. Bulgarian Parliament after 4 April Election
Source: Bulgarian Parliament, MNI
- Only one opinion poll has been carried out since the April election, showing a swing towards the opposition parties ITN, BSP, DB and ISMV:
- Market Links Poll: GERB: 23.2% (-2.6), ITN: 22.3% (+4.9), BSP: 18.1% (+3.3), DPS: 10.3% (=), DB: 13% (+3.7), ISMV: 6.5% (+1.9), VMRO-BND: 3.0% (-0.6). Fieldwork 16-23 Apr, 636 respondents, % chgs w/4 Apr Election.
- There remains a major schism in Bulgarian politics, with PM Boyko Borisov's populist GERB remaining the largest party with a loyal base of support. However, the main upstart anti-corruption parties, now headed by former TV presenter Slavi Trifonov's 'There Is Such A People' (ITN) party, appear staunchly committed to ousting Borisov and GERB from power as well as not working with the centre-left Bulgarian Socialist Party, limiting the ability for parties to form a workable governing coalition.
- As such, the evident political fragmentation in Bulgaria is like to sustain legislative gridlock in the country, which continues to deal with one of the most severe COVID-19 outbreaks in the EU in per capita terms.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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