SOFIA, November 14. /TASS/. Bulgarian Prime Minister Boiko Borisov has officially resigned as the ruling Citizens for European Development party candidate Tsetska Tsacheva lost the presidential election.

Borisov has submitted his resignation to the National Assembly (parliament), the BGNES news agency reported.

"The current cabinet will continue to operate until a new cabinet is formed, and ensure the continuity of government," the document says.

The cabinet’s resignation came a few hours after the ruling Citizens for European Development party candidate (GERB) party candidate Tsetska Tsacheva had lost the presidential election. She gained 36.17% of the vote while opposition candidate Rumen Raden garnered over 59%.

The parliament is expected to review the cabinet’s resignation at the next session scheduled for November 15.