Chances of forming a new government in Bulgaria are growing after President Rumen Radev handed over the mandate to form a government to the Bulgarian Socialist Party, which managed to bring the populist "There are such people" party to the table.

This was reported by Euractiv.

Negotiations are underway between the leading parliamentary force "Change Continues," the Socialists, the "There is Such a People" party and the pro-European center-right "Democratic Bulgaria." Together they have enough votes to elect a new government.

The condition for forming a government is that a truce is reached between Change Continues and There Are Such People.

"We see certain signs that the chances of forming a government are increasing. We will need more time for these processes. Patience, professionalism, and we can have a government that is good for the country," Democratic Bulgaria co-chairman Hristo Ivanov said after Thursday's political talks.

"We have to avoid pushing the country into elections because there are many risks - political, but also in the situation in energy, economy, security, health care. That's why we see the possibility of electing a government as something to support," Ivanov said.

As the largest political group in parliament, Change Continues will nominate a candidate for prime minister. It is expected to be former Deputy Prime Minister and Finance Minister Asen Vasilyev, but former parliamentary speaker Nikolai Minchev is also strongly recommended as a consensus figure.

Another political condition is the support of There Are Such People for the country's new anti-corruption legislation and the appointment of Interior Minister Boiko Rashkov as head of the future anti-corruption commission.

Bulgaria's political crisis began in June, when the populist I Have Such a People party withdrew from the four-party governing coalition. The opposition GERB party, led by former Prime Minister Boyko Borisov, initiated a vote of no confidence, and Kirill Petkov's government was dismissed.

The largest party in parliament, Change Continues, tried to form a new government, but failed to gather 121 MPs and decided not to propose a new government.

Recall that after the vote of no confidence in the government, former Prime Minister Kirill Petkov blamed Russia and the powerful mafia of his country.