Incumbent President Iliana Iotova holds a commanding lead in the October 25, 2026, Bulgarian presidential election, backed by her recent succession to the office in January 2026 and endorsements from multiple parties and an initiative committee that registered her ticket in September. Recent milestones, including the September 8 formation of her nomination committee and the September 23 ballot draw assigning her number 25, have reinforced her position ahead of the campaign launch. Andrey Gyurov, the former caretaker prime minister appointed in February 2026, trails as the primary challenger with support from PP-DB and a reform-oriented base, though polling from July indicated significantly lower starting support outside that group. The fragmented field of over two dozen other candidates, including several independents, has consolidated little additional backing, aligning with the wide gap in current trader pricing.