Political Return
In 1990, after the fall of communism, Simeon was issued a new Bulgarian passport. In 1996, 50 years after the abolition of the monarchy, Simeon returned to Bulgaria and was met in many places by crowds cheering: "We want our King!" He did not, at that point, make any political announcements or moves.
Various estates in Bulgaria that had been nationalized under the republic were returned to Simeon and his family. In 2001, Simeon announced he would return to Bulgaria to form a new political party, the National Movement Simeon II (NMSII), dedicated to "reforms and political integrity." Simeon promised that in 800 days the Bulgarian people would feel tangible positive effects of his government and would enjoy significantly higher standards of living.
NMSII won a large victory in the parliamentary elections held on 17 June 2001, capturing 120 of the 240 seats in Parliament and defeating the two main pre-existing political parties. Simeon gave an oath as Prime Minister of Bulgaria on 24 July, forming a coalition with the ethnic Turkish party Movement for Rights and Freedoms (MRF). He gave ministerial positions in his government mainly to technocrats and Western-educated economic specialists. In 2002, his efforts were recognized by his receiving the 2002 Path to Peace Award from the Path to Peace Foundation. The development of Bulgaria's capital markets moved forward, with the first Eurolev issue in 2004. During his time in power, Bulgaria joined NATO and EC.
In the 2005 elections, Simeon's party ranked second and participated in the grand coalition government led by the Bulgarian Socialist Party and including the Movement for Rights and Freedoms. Simeon II was given the unofficial ceremonial post of Chairman of the Coalition Council.
The party got just 3.01% of votes and no seats at the parliamentary elections of 2009. Shortly after, on 6 July, Simeon also resigned as NMSII leader .
Read more about this topic: Simeon Saxe-Coburg-Gotha
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