Bulgarian prime minister resigns

December 21, 1996
Web posted at: 4:15 p.m. EST (2115 GMT)

SOFIA, Bulgaria (CNN) -- Bulgarian Prime Minster Zhan Videnov resigned Saturday in the wake of criticisms of his handling of the country's current economic crisis, the worst since the end of communist rule in 1989.

The lev, Bulgaria's currency, has weakened tremendously against the dollar, and the International Monetary Fund has called for strict measure to restore economic discipline.

The Socialist Party is set to elect a new leader Sunday, and Videnov has said he would not seek re-election.

 

Related site:

Note: Pages will open in a new browser window

• Presidential Elections - Bulgaria '96

External sites are not endorsed by CNN Interactive.

Tell us what you think! You said it...

© 1996 Cable News Network, Inc.
All Rights Reserved.

Terms under which this service is provided to you.