S&P upgrades rating of Bulgaria

Photo: BNES

Standard & Poor's have upgraded Bulgaria's long-term and short-term credit rating in foreign and local currencies to "BBB- / A-3" from "BB + / B". 

The raised rating reflects strengthening of the country's external position as a result of the prolonged expansion of exports and the increase in savings.

 According to Standard & Poor's, the risks associated with a substantial and sudden change in financial flows coming from abroad, and in particular foreign direct investments, have declined significantly.

More from category
 Rose producers from Kazanlak blocks for a while the highway to Stara Zagora and poured out sacs of rose petals on the round in sign of protest against lo purchase prices

The rose scent of money

One of the first things foreigners learn about Bulgaria is that this country is popular as the land of roses and rose oil. Moreover, a whole valley in South Bulgaria was named the Rose Valley. However, apart for being used for tourism..

published on 5/23/18 12:17 PM

Tax Freedom Day in Bulgaria falls on May 13

In 2018 the Tax Freedom Day in Bulgaria fell on May 13. This is the day of the year in which people have earned enough money to pay this year’s total tax obligations. The Institute for Market Economics has estimated that the Bulgarians have worked for..

published on 5/14/18 12:36 PM

Financial crisis makes ECB more cautious on Eurozone’s expansion

Bulgaria has met all the criteria to enter the ‘waiting room’ of the Eurozone, but we shouldn’t have unrealistic expectations, said Chair of the Association of Banks in Bulgaria Petar Andronov for the BNR. He added that the Bulgarian banking system..

published on 5/13/18 10:20 AM