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.
The average salary in Bulgaria in the fourth quarter of last year was BGN 2,123 (EUR 1,085), an increase of 13% compared to the same period last year, according to the Ministry of Labour and Social Policy. The average wage is highest in Sofia - BGN..
120,000 people employed in coal-fired power plants are at risk of losing their jobs and are facing emigration, warn experts from the Podkrepa Confederation of Labour . Regarding the Green Deal, trade unionists exchanged experience with their..
The state of the Bulgarian labor market at the end of 2023 points to a tendency towards stagnation. This is the conclusion of an analysis of the Institute for Market Economy. As of mid-2021, the unemployment rate remains in the..
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