The party was founded as a political non-governmental organisation in 2000. Then in the legislative elections of 10 December 2000, it won 7 out of 43 seats. In the 27 March 2005 local councilelections, the party campaigned under the current name above, and won the majority of the seats for the first time in its five-year history. It improved on 11 December 2005 to win 23 of those 43 seats. Since the legislative elections of 2005, it is the majority party in the Supreme Council. The party's leaders in parliament during 2005 were Mikhail Burla and Yevgeny Shevchuk. The latter was elected speaker of parliament following the party's sweeping December 2005 win. It was officially registered as a full political party in June 2006. There was a debate regarding the position of Obnovlenie in regards to Transnistrian president Igor Smirnov. Most analysts pointed to the party's opposition status, noting that it is not allied with President Igor Smirnov, whose party, Respublica, lost several seats to Renewal in the latest parliamentary election. However, others claim that the interests of the "Smirnov clan" are represented in all political movements of Transnistria, including Renewal. Obnovlenie strengthened their majority in the 2010 elections to 25 seats. In the 2011 presidential election, deputy party chairmanAnatoliy Kaminski ran against incumbent Smirnov and Shevchuk, who ran as an independent. Shevchuk defeated Kaminski in the run-off. During Yevgeny Shevchuk's presidency, Obnovlenie held a majority in the Supreme Council of Transnistria and was mildly opposed to his policies. On 25 December 2012, the Supreme Council voted against a new state budget proposed by the government. Thus Transnistria is currently functioning without adopted state budget for the first time in its history. In spite of attempts to find compromise and formation of the joint commission to resolve conflict, these attempts did not lead to any results. In 2012-2013 members of the Supreme Council from the Obnovlenie Party voted against a number of important bills proposed by President Shevchuk and by Prime MinisterPyotr Stepanov, including bills aimed to reform Internal Revenue Code and to introduce value-added taxation in Transnistria. In the 2015 legislative elections, Obnovlenie strengthened their majority by winning 10 more seats in the Supreme Council. Their candidate for the 2016 presidential election, Vadim Krasnoselsky, was also victorious, defeating incumbent president Yevgeny Shevchuk with 62.3% of the vote.