S&P Global Ratings has reaffirmed its long and short-term foreign and local currency sovereign credit ratings on Bulgaria at BBB/A2-, and kept a stable outlook.
The slow pace of vaccine rollout and the potential new outbreak of Covid-19 could lead to a weaker than expected recovery of external demand. The contraction of Bulgaria’s economy has been relatively weak, which is mainly due to the sustainable domestic demand. In the medium term (until 2024), the large flow of EU funds will provide a solid opportunity for economic growth. Despite the challenging domestic political environment and the Covid-19 pandemic, Bulgaria has maintained a strong fiscal position, reads the analysis.
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
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