Moldovan President Vladimir Voronin, pictured during July elections, announced on Friday he was resigning after the defeat of his Communist Party in elections ended its eight-year rule of Europe's poorest country.(Xinhua Photo)
BUCHAREST, Sept. 11 (Xinhua) -- Moldovan President Vladimir Voronin on Friday announced his resignation in the wake of the recent election defeat that ended his Communist Party's eight-year control of the country.
Voronin said that after eight years in power, the Communist Party "leaves to successors a state that has no debts to society and whose foreign debt is several times smaller, a country that has huge currency reserves, national development plans and blueprints which have been developed for all areas and directions."
Voronin had to step down after two terms.
Voronin has informed the legislative forum about his decision to step down as president of the former Soviet republic, according to the presidential press service.
Voronin, the leader of the Communist Party, has been Moldova's president since 2001, and cannot run for a third four-year term.
The president still has no clear successor, however, amidst a continued deadlock in parliament, where a three-fifths majority is needed to elect a new head of state. If no candidate gains the support of at least 61 lawmakers, the parliament risks being dissolved.