Bulgarian President Rumen Radev announced his resignation on Monday, January 19, 2026, signaling a potential shift in the country's political landscape ahead of anticipated snap elections. Radev stated he would formally submit his resignation to the Constitutional Court on Tuesday.

The resignation, delivered in a televised address, has fueled speculation that Radev intends to form his own political party and actively participate in the upcoming elections. "Today, I am addressing you for the last time as president of Bulgaria," Radev, 62, said, expressing his desire to engage in the "battle for the future of the country."

If approved by the Constitutional Court, Vice President Iliana Iotova would assume the presidential duties. The circumstances surrounding the snap elections stem from a period of political instability, with the previous government ousted following widespread protests. This marks another chapter in Bulgaria's recent political volatility.

The move comes as Bulgaria navigates significant economic and political transitions, including its recent adoption of the Euro. The Euro adoption has been met with both celebration and public anxiety regarding potential inflationary pressures.

The Constitutional Court's decision regarding Radev's resignation will determine the immediate course of action. The forthcoming snap elections are expected to be closely contested, with Radev's potential new party adding another layer of complexity to the political dynamics. The exact date of the snap elections remains to be determined.