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.
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..
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