President Rumen Radev said on Monday that he “would issue a decree” on Tuesday formally setting the date following the appointment of a caretaker government headed by Dimitar Glavchev on the same day.

The decision to hold elections comes after an inconclusive vote in June. Although the center-right GERB party emerged as the biggest party in parliament, it lacked the seats to form a majority government.

GERB, then a succession of smaller parties, all tried and failed to strike a coalition agreement, prompting the need for yet another general election.

The prolonged period of political instability in Bulgaria that has seen numerusnumerous governments crash and burn after a just a few months in office has undermined public faith in state institutions and the democratic process.

It has also meant that long-term issues bedeviling the country, such as corruption, have gone unaddressed.

Glavchev’s appointment means that he will continue in his role as acting prime minister, which he assumed in April following the collapse of the then coalition government.

His new cabinet, known as “Glavchev 2,” will be sworn in on Tuesday.

The Reuters news agency says that Bulgaria needs a period of stable cabinet to boost the flow of incoming EU funds that Sofia hopes to invest into the country’s poor infrastructure.

Reuters adds that Bulgaria intends to adopt the euro as its primary currency and that the political uncertainty is affecting the country’s plans to fully participate in Europe’s open-border Schengen area.