Why did mass protests force the Bulgarian government led by Zhan Videnov to resign in 1997?

The government led by Zhan Videnov was forced to resign in early 1997 due to a severe economic crisis characterized by hyperinflation, which reached approximately 240 percent monthly.12

Following the Bulgarian Socialist Party's (BSP) victory in the 1994 elections, Videnov’s administration attempted to reestablish state subsidies for enterprises, a policy that resulted in significant financial losses. The resulting economic instability and the rapid devaluation of the currency triggered mass public protests, which ultimately compelled the government to step down. Following the resignation, a new pro-market government was formed under Ivan Kostov, which stabilized the economy by introducing a currency board to maintain a fixed exchange rate.12