Saturday, May 23, 2026

Two Harvard managers should let Bulgaria move on


SecondWhen Assen Wassilew said in the middle of last week: “The trend is up and we have a chance to get first, it sounds a bit arrogant.” Four days before the Bulgarian parliamentary election on Sunday, his party “we are continuing to change” still Behind former prime minister Boyko Borrisow’s conservative GERB party, which was accused of corruption and ranked second. This was a success because Vasilev and his friend Kyrill Petkow formed the party in September.

Andreas Mihm

Business correspondent based in Vienna, Austria, Central and Eastern Europe and Southeast Europe, and Turkey.

But Vasilev’s self-confidence is not deceiving: on Monday morning, about half of the votes were counted, and his party was far ahead of GERB with 26% of the votes, only about 21%. Together with the other two reform parties and socialists, this should give the extremely poor Bulgarian new groups the opportunity to keep the promises made in their name and make further changes through government actions.

But who is Sofia’s so-called new strongman? Even in the worst coronavirus crisis, only four out of ten Bulgarians went to the ballot box. How did they seize power from scratch in such a short period of time?

Never planned a political career

Wassilew said in a phone call from his company headquarters in Sofia a few days ago that the fact that he and his friend Kyrill Petkow (some call them the “Harvard duo”) would run for the government office had never been planned. It was transformed into a temporary election campaign and party headquarters. Even when President Rumen Radu appointed entrepreneurs as interim ministers in May of this year: Petkov was in charge of the economy and Vasilev was in charge of finances.



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