SOFIA - Bulgarian President Rumen Radev signed a decree on Tuesday to hold new parliamentary elections on Oct 27, his press office said in a statement.

The statement said Radev also appointed a caretaker government led by current caretaker Prime Minister Dimitar Glavchev for the interim period.

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Glavchev, 61, was head of the Bulgarian National Audit Office when he was appointed caretaker prime minister for the first time in April this year. In 2017, he briefly served as President of the National Assembly, the country's parliament.

The elections and the appointment of a caretaker government became compulsory after the parliament failed to elect a regular cabinet in June this year.

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The elections will be Bulgaria's seventh in three and a half years due to an inability to reach a simple majority at the parliament.