Bulgarian President Rumen Radev has announced his resignation, citing the country’s political class as having “betrayed” voters and criticizing the influence of “oligarchy” in undermining the country’s democracy. In a televised address, Radev expressed his discontent with the current state of Bulgarian politics, stating that the country has the outward appearance of democracy but functions through oligarchic mechanisms.
Radev, known for his criticism of EU policies, particularly on Ukraine, and his left-leaning views, argued that Bulgarians have become disillusioned with the country’s authorities. He noted that despite joining the Eurozone, the move has brought no stability or sense of fulfillment to citizens, who have lost trust in the media and the judiciary.
The president’s resignation, which is subject to approval by the Constitutional Court, comes amid a period of political instability in Bulgaria, with the country heading towards its eighth parliamentary election in four years. The collapse of successive coalitions and mass protests against alleged corruption have plagued the country.
Radev’s decision to step down has sparked speculation that he may establish a new party, although he has not confirmed this. He has stated that “people everywhere are demanding it,” and his high approval rating of 46% suggests he may have a strong foundation for a potential political movement.
Bulgaria’s integration into the EU, which it joined in 2007, has been a point of contention for Radev, who has criticized the speed of euro adoption. The country adopted the common currency on January 1 without a national referendum, a move that was met with opposition from nearly half of the population, according to a December Eurobarometer survey.
Radev has also been critical of the EU’s approach to the Ukraine crisis, arguing that the conflict has “no military solution” and that arms deliveries and sanctions on Russia risk prolonging the hostilities and harming the EU economy. His views on the crisis have been at odds with those of successive governments, and his resignation may signal a significant shift in the country’s political landscape.
The vice president, Iliana Yotova, is expected to assume Radev’s post, pending the approval of the Constitutional Court. As Bulgaria prepares for another parliamentary election, the country’s political future remains uncertain, with Radev’s resignation potentially paving the way for a new era of politics in the country.
