President Rumen Radev is widely expected to form his own political party prior to the upcoming snap vote.

Bulgarian President Rumen Radev has said that he will resign, stoking speculation that he will form his own political party ahead of snap elections expected to take place in the months ahead.

Radev said on Monday that he would submit his resignation to the country’s Constitutional Court the following day. He will be replaced by Vice President Iliana Iotova if the court grants approval.

“Today, I am addressing you for the last time as president of Bulgaria,” the 62-year-old Radev said during a televised speech, adding that he was eager to participate in the “battle for the future” of the country.

His resignation, the first by a head of state in Bulgaria’s post-communist history, comes as the country – which is a member of the European Union and NATO – struggles to overcome a prolonged political crisis.

Bulgaria’s last government was swept out of power in December amid widespread anticorruption protests, of which the left-leaning Radev was an outspoken supporter. The upcoming snap election will mark Bulgaria’s eighth round of voting in five years.

Large anticorruption protests last month forced the resignation of the governing coalition, led by the centre-right GERB party. Attempts to form a new government within the current parliament have subsequently failed, and the country is headed towards its eighth parliamentary election since 2021.

Radev, whose second mandate ends in 2026, has repeatedly indicated that he may take part in new elections. The former Air Force general has been a vocal opponent of the leader of the GERB party, Boyko Borissov.

Radev has also opposed politician and oligarch Delyan Peevski – under sanctions from the United States and United Kingdom over alleged bribery, corruption and media manipulation – whose MRF New Beginning party has repeatedly backed the outgoing GERB-led coalition.

The former president has expressed doubt about Bulgaria’s decision to join the eurozone and is opposed to sending military aid to Ukraine, chastising European leaders for not doing enough to support the efforts of US President Donald Trump to facilitate a negotiated peace.

Radev did not mention on Monday what his plans are. Asked recently about forming a new party, he said there was a need for a party that “unites all democrats – left and right – regardless of where they belong or whether they are politically active at all, because we all need fair elections and democratic, free development”.

A recent Market Links poll found that Radev has an approval rating of 44 percent.

“His goal is to be close to the majority so that he doesn’t have to negotiate,” Parvan Simeonov from the Myara polling agency told the news agency AFP, adding that a solid result for Radev could be “a way out” of the country’s political crisis.