Trending:US tariff threat over GreenlandAFCON controversyGaza Board of PeaceWEF 20261 year of Trump 2.0AR Rahman communal rowBulgaria’s President Radev resigns, fuelling speculation of new political partyreuters • January 19, 2026, 23:27:46 ISTWhatsapp Facebook TwitterBulgaria’s President Rumen Radev will resign, he said in a speech on Monday, stoking widespread speculation that he will form his own political party to run in upcoming parliamentary elections after the previous government resigned last monthAdvertisementSubscribe Join Us+ Follow us On GoogleChoose Firstpost on GoogleBulgarian President Rumen Radev delivers an address to the nation at the Presidency, Sofia, Bulgaria, on Monday. ReutersBulgaria’s President Rumen Radev will resign, he said in a speech on Monday, stoking widespread speculation that he will form his own political party to run in upcoming parliamentary elections after the previous government resigned last month. Radev, who was supposed to hold the largely ceremonial post until January 2027, said that he will submit his resignation to the Constitutional Court on Tuesday. If approved, he will be replaced by Vice-President Iliana Iotova until presidential elections in November. STORY CONTINUES BELOW THIS ADRadev, who has expressed skepticism about Bulgaria’s recent move to join the euro and Kremlin-friendly views about the war in Ukraine, was elected president in 2016 and again in 2021. More from World Iranian Foreign Minister Abbas Araghchi disinvited from Davos summit after bloody crackdown on protests UN chief Guterres calls Security Council reform ‘essential’, warns against clinging to privilegesBut his political ambitions have widened and he has long touted the possibility of forming his own party. His move to step down, widely expected in the Balkan country, comes amid a political crisis that sees Bulgaria heading towards its eighth parliamentary election in four years.
