This was reported by BTA on January 19.
Addressing the nation, Radev said he would submit his resignation on January 20. He expressed confidence that Vice President Iliyana Yotova would become "a worthy acting president."
As noted by Reuters, due to Radev's statement, there were suggestions that he was going to form his own political party and participate in early parliamentary elections.
Rumen Radev has served as President of Bulgaria since 2016, and was re-elected for a new five-year term in 2021. The powers of the president expired in January 2027. Radev is known for opposing Bulgaria's entry into the eurozone in 2026.
Radev announced his resignation amid the political crisis in Bulgaria, as a result of which the country will soon hold its eighth parliamentary elections in four years. The last coalition lasted until December 2025, when the country's government resigned due to mass protests caused by plans to raise taxes. meduza.io.
