In the 2020s, Bulgarian politics entered its most turbulent phase yet. From the spring of 2021 to the spring of 2026, no less than eight parliamentary elections have been held (three in 2021, one in 2022, one in 2023, two in 2024, and one in 2026). No stable government has been formed, leading to an ever-increasing polarization.
Despite emerging as the largest party in the April 2021 election, GERB, a conservative party that in 2013 became the first to win two consecutive elections and whose leader Boyko Borisov has been Prime Minister for three terms (2009-13, 2014-17, 2017-21), was unable to form a government. Instead, a new election was called just two months later in which the newly formed There Is Such A People, (ITN) an anti-establishment party that combines anti-corruption messages with economic right-wing policies and some conservative viewpoints, became the largest party. However, ITN refused to cooperate with any other party, leading to a third election being be called in the same year. In elections in November, ITN lost almost two-thirds of its voter support. Instead, yet another newly formed liberal party, We Continue The Change (PP), won the election with 25 percent of the votes. PP eventually formed a government with BSP, the liberal conservative Democratic Bulgaria (DB) and, despite previous resistance, ITN. However, this coalition did not last many months. In June 2022 ITN left the government after a conflict over the relationship with North Macedonia.
After the election in 2023, Bulgaria had a coalition government consisting of PP and GERB, together with their respective associate parties DB and SDS (both EPP members). This fragile centre-right alliance was grounded in common opposition to the pro-Kremlin president, as well as a mutual goal of Bulgaria’s accession into the eurozone. In November 2023, GERB suffered heavy losses in the local elections, including losing the mayoral position in cities like Sofia and Varna, which further increased the strain on the government. Early elections were called for the spring of 2024 which resulted in an immediate hang-parliament and yet new elections in October 2024. A coalition government was formed early 2025 consisting of GERB, BSP and ITN. That coalition broke down in December 2025, leading to snap elections in April 2026.
In the 2026 elections, a new party, Progressive Bulgaria (PB), won a landslide, winning 43,9 per cent of the votes and gaining an absolute majority in parliament. PB was formed in March 2026, formally as a coalition with a few older Social democratic parties, but in practice as a vehicle for president Rumen Radev. Radev was elected president in 2017 as an independent candidate, although with the support of the BSP, and re-elected in 2021. He became the first head of state in Bulgaria to resign the presidency. In May 2026, Radev took office as prime minister.
PB lacks ideology but is classified as populist, and nationalist. It combines leftist economic policy with conservative views of social issues. Radev has repeatedly been described as being pro-Russian, although he rejects that label. As president, he was against Bulgaria adopting the eurozone.
It should be noted that several established Bulgarian parties, such as GERB and BSP, and also ITN, are in some studies labeled as populist parties.