History of Bulgaria Since 1989 - The Triple Coalition

The Triple Coalition

At the next parliamentary elections NDSV didn't reach enough votes to form alone a government, in fact BSP gained the largest share of the votes, followed by NDSV. And because none of the parties had enough seats in Parliament to establish a government on its own after more than a month of negotiations initiated by President Parvanov for the forming of coalition government that was needed for the EU joining, a coalition was formed between BSP, NDSV and MRF (Movement for Rights and Freedoms). Although divided by deep ideological and political differences, the three parties were united by a major goal: accomplishing the reforms necessary for joining the European Union in 2007. But ineffective administration and high-level corruption remained serious problems that was limiting the entrance of foreign businesses and entrepreneurs in the country. Additionally Sergai Stanishev's government was caught in his last months by the world financial crisis but denied its existence and refused to initiate steps for protecting Bulgarian economy from it for which he received wide disapproval.