Bulgaria President Radev Resigns, Fuels New Party Speculation Amid Political Crisis

• Bulgaria's President Rumen Radev announced his resignation, effective Tuesday, sparking rumors of him forming a new political party.
• Radev, whose term was until January 2027, will be replaced by Vice-President Iliana Iotova until November presidential elections.
• Known for skepticism on euro adoption and Kremlin-friendly views on Ukraine, Radev was elected in 2016 and 2021.
• His resignation comes amidst Bulgaria's ongoing political crisis, leading to its eighth parliamentary election in four years.
• Radev, a former air-force commander, has frequently appointed interim governments, boosting his public profile and political aspirations.

Why It Matters: President Radev's resignation signals his likely entry into party politics amidst Bulgaria's deep political instability.