Bulgarian Socialist Party

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Bulgarian Socialist Party
Българска социалистическа партия
File:Bulgarian Socialist Party logo.png
Leader Sergei Stanishev
Founded 1990
Headquarters Sofia
Political ideology Social democracy
International affiliation Socialist international
European affiliation Party of European Socialists
European Parliament
group
Progressive Alliance of Socialists and Democrats
Colours Red
Website http://www.bsp.bg/
See also Politics of Bulgaria

Political parties
Elections

The Bulgarian Socialist Party (Bulgarian: Българска социалистическа партия) (BSP) is a political party in Bulgaria and successor to the Bulgarian Communist Party. It was formed in 1990 in post-communist Bulgaria, following the decision of the Bulgarian Communist Party to abandon Marxism-Leninism. The BSP is a member of the Socialist International and is led by Sergei Stanishev. The party has its powerbase in the traditionally socialist rural areas.

In the 2001 parliamentary elections it was part of the Coalition for Bulgaria alliance which picked up 48 of 240 seats in the National Assembly (Narodno Sabranie), having attracted 17.1% of the popular vote. The current Bulgarian president, Georgi Parvanov, is a member and former chairman of the party. At the last legislative elections, held on 25 June 2005 the Coalition won 33.98% of the popular vote and 82 out of 240 seats.

The direction the party took after the 2005 elections is more consistent with right wing policies (10% flat tax, trimming down governmental assistance programs, etc.). The party (or its elected officials) also received large contributions from prominent businessmen, often suspected of (or charged with) criminal activity. Due to corruption allegations, Bulgaria lost hundreds of millions EUR in financing. The BSP lost catastrophically in the parliamentary elections of 2009, and did not win a single majority seat in senate. [1].

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