Bulgarian President Rumen Radev announced his resignation on Monday, January 19, 2026, signaling his anticipated entry into the upcoming snap elections. Radev stated he would formally submit his resignation to the Constitutional Court on Tuesday.

If approved by the court, Vice President Iliana Iotova is expected to assume the presidential duties. Radev, age 62, addressed the nation in a televised speech, stating, "Today, I am addressing you for the last time as president of Bulgaria," and expressed his desire to actively participate in shaping the country's future.

Radev's resignation comes amidst expectations of snap elections, triggered by the recent ousting of the government following widespread protests. The political landscape in Bulgaria has been turbulent, with frequent elections and shifting alliances. This instability has, in part, fueled debates surrounding Bulgaria's economic policies, including its recent adoption of the Euro.

The move has prompted speculation about Radev's future political ambitions, with many anticipating the formation of a new political party led by the outgoing president. Observers suggest that Radev's popularity, cultivated during his tenure, could pose a significant challenge to established political forces.

The Constitutional Court's decision regarding Radev's resignation will determine the timeline for Iotova's succession. The snap elections are expected to take place in the coming months, with the exact date to be determined following consultations among political parties. The elections are viewed as crucial for stabilizing the political situation and addressing pressing economic and social issues facing Bulgaria.