Bulgaria’s president says he is stepping down ahead of snap elections

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.

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