The political crisis has buckled the country, and all its investors have fled the coop. Luckily there’s Europe – for the time being.
The man nicknamed “Bate Boyko”, or “Big Brother Boyko”, has done it again. Following a lively electoral campaign and some tight results, the ballot restored Boyko Borisov, leader of the Bulgarian centre-right GERB Party, to the office of prime minister. He had resigned this post in November 2016 following the electoral triumph of the socialist Rumen Radev over the GERB candidate Tsetska Tsacheva. Since then, Borisov has sought to exploit the electoral defeat by creating problems for his adversaries and triggering a crisis of government that only now appears closer to being resolved. But the long parliamentary crisis has served to worsen the economic situation in Bulgaria, repelling investors who are concerned about the excessive political instability.