The party was founded and is led by Georgi Parvanov, who was President of Bulgaria from 2002 to 2012, as a splinter from the Bulgarian Socialist Party. In the May 2014 European elections, the party received 4% of the vote, failing to elect any MEPs. In the October 2014 parliamentary election, the party received 4.15% of the vote and 11 seats in the National Assembly.