Bulgarian Socialist Party
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Bulgarian Socialist Party
Българска социалистическа партия Bǎlgarska socialističeska partija |
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| Leader | Korneliya Ninova |
| Founder | Alexander Lilov |
| Founded | 1894 (founded) 3 April 1990 (present name) |
| Headquarters | 20 Positano Street, Sofia |
| Youth wing | Bulgarian Socialist Youth |
| Membership |
 105,000 (1st) |
| Ideology |
Social democracy Mild Russophilia |
| Political position | Centre-left to Left-wing |
| National affiliation | Coalition for Bulgaria |
| European affiliation | Party of European Socialists |
| International affiliation | Socialist international |
| European Parliament group | Progressive Alliance of Socialists and Democrats |
| Colours | Red |
| National Assembly |
0 / 240
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| European Parliament |
4 / 17
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| Website | |
| www |
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The Bulgarian Socialist Party (Bulgarian: Българска социалистическа партия, БСП; Bulgarska sotsialisticheska partiya, BSP), known as the Centenarian (Столетницата, Stoletnitsata), is a social-democraticpolitical party in Bulgaria and successor to the Bulgarian Communist Party. The BSP is a member of the Party of European Socialists and Socialist International. It is the leading component of the Coalition for Bulgaria centre-left coalition.
The Bulgarian Socialist Party is recognized as the successor of the Bulgarian Social Democratic Workers' Party created on 2 August 1891 on Buzludzha peak by Dimitar Blagoev, designated in 1903 as the Bulgarian Social Democratic Workers' Party (Narrow Socialists) and later as the Bulgarian Communist Party. The party was formed after the political changes of 1989, when the Communist Party abandoned Marxism–Leninism and refounded itself as the "Bulgarian Socialist Party" in April 1990.
The party formed a government after the Constitutional Assembly elections of 1990, but was forced to resign after a general strike that December. A non-partisan government led by Dimitar Popov took over until the next elections in October 1991. In the aftermath the party was confined to opposition. As part of the Democratic Left coalition (forerunner of the Coalition of Bulgaria), it helped form a new government in 1995, headed by BSP leader Zhan Videnov as Prime Minister. Its term ended at the end of 1996, after the country entered into a spiral of hyperinflation, the most serious economic and financial crisis in its recent history. Large-scale demonstrations in the cities and a general strike prevented the formation of a new socialist government.
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