Bulgarian President to Address Nation amidst Mass Protests

Bulgarian President Rosen Plevneliev will address the nation Friday in connection with the tense situation in the country,

The President is going to deliver the address at 2 pm in the building of his administration.

Series of anti-government protests in Bulgaria was triggered by the scandalous appointment of controversial media mogul Delyan Peevski as Chair of the State Agency for National Security (DANS).

Although the appointment was revoked, the people went on to demand that the cabinet resign collectively over ties with oligarchs.

Protesters are also calling for Election Code amendments which will guarantee greater representation of the people in Parliament.

Plevneliev has backed the protests earlier, but two days ago he said the solution for the crisis was not a "revolution, but right steps in the right direction."

According to him, the political instability has a negative influence on entrepreneurs and investments. He stressed the crisis in the country is not an economic one as the microeconomic indicators are stable, due to the strict fiscal policy and the established fundamental "culture of stability on the backdrop of the currency board."

The President believes the political parties need counter-pressure, but with concrete and well-postulated demands.

The protests are to continue Friday with the morning coffee-drinking anti-government rally in front of the Parliament building. The morning protest is to merge with the traditional afternoon rally, the 22nd in a row, starting 6.30 pm in front of the Council of Ministers building.

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