Iliana Iotova holds the leading position in the October 25, 2026, Bulgarian presidential election due to her status as acting president and explicit backing from Progressive Bulgaria, the party formed by former president Rumen Radev that secured an outright parliamentary majority of 131 seats in the April 2026 vote. This strong party infrastructure and recent electoral momentum underpin trader consensus reflected in current pricing. Andrey Gyurov, who served as caretaker prime minister under Iotova earlier in 2026, ranks as the primary challenger with support from segments of the opposition. Other listed candidates trail significantly, consistent with limited polling visibility and weaker organizational bases. The ballot draw completed on September 23, 2026, confirmed the field ahead of the first-round vote, with no major shifts reported in the immediate run-up.