Luiz Inácio Lula da Silva successfully defended the presidency on October 25, 2026, but his left-wing Workers’ Party lacks a majority in Congress. His historic fourth term will therefore test his negotiating skills as he seeks support for social policy, security measures and public finances. Brazil will also seek to balance its relations with the United States, China and Europe.

Key takeaways:

• Lula da Silva has won another presidential term. His narrow victory confirmed the deep divisions in Brazilian society.
• Bolsonarism remains strong even after Flávio Bolsonaro’s defeat, and the right has gained ground in Congress.
• Lula can build on social measures that have already been approved. New spending and reforms will depend on his ability to reach compromises; the budget and security will be key.
• Brazil will balance its relations with the US, China and the EU. The EU–Mercosur agreement is particularly important for the Czech Republic.

Analysis – Irena Krcháková

The analysis is in PDF under the link below.