Political and Economic Changes in Bulgaria

Topics: 1997, 1964, 1917 Pages: 2 (539 words) Published: October 8, 1999
Political and Economic Changes In Bulgaria

Over the course of the past two months, January and February 1997, Bulgaria has undergone some sweeping political changes and its economy has deteriorated into further collapse. The following is an attempt to describe the events which took place in Bulgaria in January and February of 1997. This is somewhat of a difficult task given the current rate of political, economical and social changes which are occurring in Bulgaria. What follows is an account of the events which have taken place in Bulgaria over the last two months i.e. January and February of 1997, subject to the news material which was available to me and to the time constraints of this project.

Bulgaria's economic crisis exploded into popular outrage at the beginning of January 1997, when previously quiescent Bulgarians poured into the streets to demand that the governing BSP, leave power now rather than when their four-year term expires at the end of 1998.

After a month of mostly peaceful daily protests that paralysed Sofia and brought much of the country's business to a halt, the Socialists, who lack the kind of fiercely loyal police and media that have sustained President Slobodan Milosevic in neighbouring Serbia, submitted to the protesters demands on Wednesday, February 5th 1997. They agreed to hand over power to a caretaker government until new elections in mid-April, which they are unlikely to win, when recent polls conclude that only 10% of the population currently support the BSP. "We'd better celebrate now, because we have very hard days ahead," said Ivan Kostov, leader of the opposition United Democratic Forces. ( Source : OMRI Daily Digest, 18th February 1997. ).

The newly elected Bulgarian President Petar Stoyanov named an interim cabinet headed by Sofia Mayor Stefan Sofianski to oversee the country and its collapsing economy until a new parliament is chosen in general elections scheduled for April 19. The appointment means that the...
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