Bulgarian President Rumen Radev decides not to seek re-election, planning a new party for future contests.
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Rumen Radev decided not to complete his mandate as president, citing support for citizens fighting corruption, although he reportedly plans to start his own party for future elections. He is set to appoint a new government soon following mass protests against tax increases. During the protests, Radev called for the government’s resignation and highlighted his efforts to combat oligarch influence during his nine years in office. While media reported his decision to step down, it requires approval from the constitutional court, with early elections potentially occurring in March or April. Radev has also engaged in discussions with Hungarian officials regarding bilateral relations, including energy supply routes, and reportedly discussed issues like Lukoil’s Bulgarian subsidiary and Mol’s expansion during meetings with Hungarian counterparts.
