Depositphotos_11288355_xs ProtestBulgaria’s government on Monday sacked Finance Minister Simeon Djankov, who has kept a tight fiscal policy as the European Union’s poorest member recovers from recession, a day after nationwide protests over electricity prices.

Djankov’s dismissal comes as the government tries to shore up its support with an election looming in July.

Djankov, 42, brought the budget deficit down to 0.5 percent of gross domestic product last year from 2 percent in 2011, gaining him respect in the EU as many nations in the bloc battled to keep their public debt under control.

The country’s current EU funds minister, Tomislav Donchev, will double up as finance minister.

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