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

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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.