World

Bulgaria faces new elections after attempt to form government fails

Mar 29, 2024

Sofia [Bulgaria], March 29: Bulgaria is once again facing new elections after the last of a total of three attempts to form a new government failed on Thursday.
The smallest faction of the There Is Such A People (ITN) party returned the government mandate received from President Rumen Radev, who must now appoint an interim prime minister to prepare for the new election. This would be the sixth parliamentary election in three years.
The government agreed between the two pro-Western political arch-enemies Citizens for European Development-Union of Democratic Forces (GERB-SDS) and We Continue the Change-Democratic Bulgaria (PP-DB) in June 2023 was originally scheduled to last 18 months - with a change at the top halfway through. However, halfway through the term, the political rivals were unable to agree on further reforms and new appointments to continue their coalition. (DPA)
Source: Qatar Tribune

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IIFL Securities Appoints Nemkumar as Managing Director

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