Parliamentary elections were held in Bulgaria on 29 May 1927 to elect members of the XXII Ordinary National Assembly.Dieter Nohlen & Philip Stöver (2010) Elections in Europe: A data handbook, p368 The result was a victory for the ruling Democratic Alliance, which ran alongside the restored People's Liberal Party. The coalition won 174 of the 273 seats. Voter turnout was 84.3%.Nohlen & Stöver, p380
Results
Aftermath The ruling Democratic Alliance won a majority by itself and Andrey Lyapchev remained Prime Minister. In May 1931 a faction of the NLP joined the government with two ministers.Kumanov, Milen. Political organizations and movements in Bulgaria and their leaders 1879-1949, Sofia 1991.
In 1927 the government signed the , which regulated the real estate assets left behind by Bulgarians expelled from Greece and Greeks from Bulgaria after the First World War. In the aftermath of the 1928 earthquakes, the government secured a foreign loan, which, alongside the two years prior, helped stabilize the Bulgarian lev. The period between 1928 and 1931 was characterized by the increasing influence of tsar Boris III and growing ties to Fascist Italy, culminating in Boris' marriage to Giovanna of Savoy. Bulgaria under Lyapchev, a Macedonian Bulgarian, had a tense relationship with neighboring Yugoslavia and the border between the two countries was closed in 1929. The Great Depression in Bulgaria, usually seen as being ushered in by the bankruptcy of the in October 1929, had a strong effect on Bulgaria's mostly agricultural and light industry dominated economy. Production fell by over 30% in the first three years of the crisis, resulting in mass unemployment.Tsurakov, Angel. Encyclopedia of Governments, National Assemblies, and Assassinations in Bulgaria. Sofia, Trud Publishing House, 2008. ISBN 954-528-790-X, p. 160-168.
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