SOFIA (Reuters) - Bulgaria's president said on Wednesday there was no need for new elections, even though a parliamentary vote at the weekend failed to produce a clear winner. President Rosen Plevneliev said he would begin initial talks with political leaders on Friday, and that he hoped to convene the new parliament by the end of this month. "Bulgaria does not need new elections now. This will scare away investors," he told reporters. (Reporting by Tsvetelia Tsolova; Writing by Christian Lowe)