Standard & Poor's Global Ratings agency has raised its long-term sovereign credit ratings of Sofia from ВВ+ to ВВВ- with a stable outlook, which means it is now in the investment grade group.
This means that Sofia is now a more attractive place to invest. One of S&P Global Ratings's motives is that the city’s status as an administrative, financial and commercial centre of Bulgaria comes as corroboration of Sofia municipality’s rating. This assessment reflects the agency’s view of the municipality’s extremely high liquidity and good budgetary flexibility, based on a considerable autonomy in the administration of local revenues. The stable outlook reflects the rating of Bulgaria (BBB-/stable outlook/A-3) as well as the fact that Sofia’s economy is above the average for the country.
The caretaker government approved a draft law amending and supplementing the Foreigners in the Republic of Bulgaria Act. The adopted amendments aim to synchronize the document with EU directives regarding the conditions of entry and residence of..
The caretaker cabinet approved an international agreement for the acquisition of anti-tank guided missiles Javelin under the U.S. Foreign Military Sales program. The decision proposes that the National Assembly ratify the agreement by law. The..
After it became clear that the prospective cabinet would be backed by a coalition of GERB-SDS, There is Such a People and BSP, Premier-designate Rosen Zhelyazkov explained that the political responsibility would be shared by all participants in the..
On Tuesday, the cloudiness will still break and decrease from the north , it will be mostly sunny in Northern Bulgaria . Overcast skies are expected..
Bulgaria has no errors in the absorption of EU funds in agriculture and natural resources for 2023, according to the annual report of the European..
The Department ''Economics of Natural Resources'' and the Scientific Research Center for Agrarian Business and Nature Use at the University of National..
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