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Radev resigns as Bulgarian President, sparks speculation he will form new party

2026-01-20 00:11:21Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Bulgaria's President Rumen Radev announced on Monday that he will resign, fueling rumors that he will establish his own political party to compete in the upcoming parliamentary elections.

Radev - who had a term in the largely ceremonial post until January 2027 - said he would submit his resignation to the country's Constitutional Court on Tuesday.

If accepted, he will be replaced by Vice President Iliana Iotova until the presidential elections in November.

Radev, who has expressed skepticism about Bulgaria's recent move to join the euro and has displayed Kremlin-friendly stances over the war in Ukraine, was elected president in 2016 and again in 2021.

"Today, for the last time, I address you as the president of our Bulgaria," Radev said in a televised speech on Monday.

But his political desires have grown and he has long mentioned the possibility of founding a party.

His expected decision to resign comes amid a political crisis as Bulgaria heads to its eighth parliamentary election in four years. A series of election winners have failed to secure a majority or form durable coalitions for a stable government.

The last coalition lasted almost a year, until protests against a new budget and widespread corruption forced him to resign in December.

Elections are expected to be held in the coming months.

Meanwhile, Radev, a former air force commander, has been repeatedly forced to appoint interim governments, which has boosted his public profile and political ambitions, Western analysts and diplomats said.

Radev blamed the "evil model of governance" and the oligarchy for the fact that "Bulgarians stopped voting", "do not rely on the media and justice" and for the "flooding of the square" in 2020 and 2025. According to him, with the so-called "assembly" - the government of GERB and PP-DB from 2023 - the dividing line between the oligarchy and the anti-corruption fighters was erased.

"Bulgaria has completed its European integration process. We are now members of Schengen and the eurozone. The question here is why, by achieving these goals, we did not also achieve satisfaction," he added.

He also criticized MPs for rejecting his proposal for a referendum on the introduction of the euro from January 1, 2026.

"Today's political class has betrayed the hopes of Bulgarians," Radev added.

"Two-thirds no longer vote and a new social contract is needed. Our democracy will not survive if we leave it to corrupt people, compromisers and extremists. This depends on the personal commitment of each of us, and your trust obliges me to defend our statehood, institutions and future," he added./ REL


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