It took five rounds of inconclusive snap elections in just over two years to end up with the political scene looking pretty much the same as it did at the start. During this time, Bulgaria missed the opportunity to join the Eurozone and Schengen area from 2024 and has lost precious time in absorbing EU funds from the Recovery and Resilience Facility.
Even the usually praised prudent fiscal stance is coming under question as the interim governments had limited capacity to steer spending.
Following the latest elections in April 2023, a grand coalition between GERB and Continuing the Change is shaping up. While common ground seems to have been found in the overall pro-EU policy direction, some details of the agreement (eg, prime minister rotation every nine months) are making the coalition a fragile one.
Nevertheless, this is as good as it gets for now.
