On January 23, 2026, Bulgaria’s Constitutional Court formally approved the resignation of President Rumen Radev, allowing him to step down before the end of his term, which was due to expire in January 2027. The decision follows the resignation of the Bulgarian government last month and ongoing political instability in the country. :contentReference[oaicite:0]{index=0}
Following his resignation, Vice President Iliana Iotova will serve as interim head of state. The interim government is expected to organize new parliamentary elections, marking the eighth election cycle in four years in Bulgaria. Radev, who has previously expressed intentions to combat corruption and promote stability, has been linked in media reports to speculation about possibly launching a new political party ahead of the elections. :contentReference[oaicite:1]{index=1}
Bulgaria adopted the euro on January 1, 2026, and political leaders have framed the transition as occurring amid heightened domestic political flux. Parties across the political spectrum are preparing for upcoming electoral contests. :contentReference[oaicite:2]{index=2}
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