Bulgarias 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 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.
Radev, who has expressed scepticism about Bulgarias recent move to join the euro and Kremlin-friendly views about the war in Ukraine, was elected president in 2016 and again in 2021.
