The Socialists have said that they will propose that the candidate prime minister should come from the We Continue the Change party, given it is the largest group in parliament.
If the coalition talks fail, which analysts say is more than likely, the president must dissolve parliament, appoint a caretaker government, and schedule another early parliamentary election,
The vote would be held in early October, and it would be Bulgaria’s fourth parliamentary election since April 2021.
Political analysts expect that a new vote could have a similar outcome and deepen the political impasse that has gripped the European Union’s poorest member.
They also expect political instability to hinder Bulgaria’s ability to tap the EU’s coronavirus economic recovery fund and disrupt its path toward adopting the euro currency in 2024.