Iliana Yotova is elected president of Bulgaria and becomes the first woman in the position

Iliana Yotova was elected president of Bulgaria in the second round, held on Sunday, November 1st, and becomes the first woman to hold the position in the country. According to InfoMoney, she received around 58% of the votes in the preliminary results, compared to approximately 38% for her opponent, Andrey Gyurov.

Before the election, Yotova was already acting president. With the victory, the provisional mandate becomes a mandate won at the polls, which gives the result institutional weight in addition to the symbolism of Bulgaria now having a woman in charge of the State.

Gyurov is a former interim prime minister and ran with the support of pro-Western reformist opposition parties. According to InfoMoney, he acknowledged defeat shortly after the first projections, without waiting for the votes to be totaled.

Official results are expected on Monday, November 2nd. Until then, the numbers remain preliminary, but the difference of around 20 percentage points between the two candidates suggests a clear advantage for Yotova.

The information gathered so far does not detail the new president's economic agenda, such as fiscal goals, tax burden or budget priorities. Any assessment on these topics would be speculation at this time.

What changes for the investor

The change of command in the Bulgarian presidency does not usually, in itself, move American indices, the dollar or the Brazilian interest curve. The point that deserves attention is Monday's official release, which confirms or adjusts the preliminary picture, and the first signs that the new president intends to present regarding the country's economic conduct. Until then, the reading for those who follow the market is one of caution, with no conclusions about the impact on prices.

Automatically translated from Portuguese.