Plamen Oresharski was confirmed new prime minister at the head of a Socialist-backed technocrat government in May 2013, ending months of political impasse.
Bulgaria had been without a permanent administration since the previous February, when street protests against low living standards toppled a government led by the centre-right GERB party.
Mr Oresharski, a professor of finance at Sofia's University for National and World Economy, was put forward by the Socialists as a Bulgarian version of Italy's respected former technocrat prime minister Mario Monti, after snap elections.
Former premier Boyko Borisov's GERB party, which won the vote, had failed to find partners to govern, leaving the second-placed Socialists to name a new prime minister.
Assuming office, Mr Oresharski warned that Bulgaria is "in a deep institutional crisis, continuing economic depression and worsening disintegration of society".
But as Oresharski's government quickly lost support amid allegations of corrupt ties with business groups, anti-government protests continued.
Protesters' anger against Mr Oresharski's government were inflamed by the appointment - later reversed by parliament - of controversial media mogul Delyan Peevski as head the national security agency. Some accuse the cabinet of being backed by a "Red Mafia".
A finance minister in a Socialist-led coalition between 2005 and 2009, Mr Oresharski won praise for implementing a key reform in Bulgaria's taxation system.
He was also part of the team that oversaw the introduction of an IMF-led currency board regime in 1997 - pegging the national currency, the lev, to the euro at a fixed rate - that stabilised the economy and is still in place.
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