Ivan Kostov
The new Democratic government headed by Ivan Kostov enjoyed strong support and moved Bulgarian economy ahead, but allegations of corruption and inability to cope with some of the serious problems in the country caused frustration. The electorate became to some extend dissatisfied with both parties - BSP and SDS. At that point Stoyanov who still held some good positions and had public approval took part for presidential elections seeking second mandate, but he scandalously failed with a blunder on TV and lost support, and the elections too. The newly elected President, former BSP leader, Georgi Parvanov was not very well known to the public although he was in politics since the early 90s, and was well received for his wise political behavior. Although a BSP candidate he was rather perceived as an independent figure and he also always stated to be president to all Bulgarians without any political reference. At that point with the already dissatisfaction with both parties - BSP and SDS, people was looking for new alternatives and new politicians.
Read more about this topic: History Of Bulgaria Since 1989