Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sofia's long-term credit rating remains stable

Photo: Boris Dimitrov

The international rating agency Standard & Poor's (S&P) has confirmed the stability of Sofia's long-term credit rating - BBB, which is equal to Bulgaria's rating, the Sofia Municipality announced. According to the agency, the national GDP per capita is lower than the Central European and other comparable countries, but on the other hand Sofia has a clear strategy to present itself as an investment zone and а digital capital. 

The capital continues to have more stable economic indicators than the national average, despite the crisis with the Covid-19 pandemic. Sofia's revenues balance the unpredictable financial framework in which Bulgarian cities operate. The diversified local economy, low unemployment and financial discipline give S&P reason to maintain its confidence and confirm the forecast for the development of the capital. 
Standard & Poor's expects unemployment in the city to remain below the national average. Sofia has a limited amount of debt and a stable liquidity position, thanks to the sustainable financial results and external co-financing of its investment program. 
Therefore, the Bulgarian capital is expected to continue to have stable revenues and expenditures in the normalization of the economy.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Romania takes measures to reduce waiting times at the Friendship Bridge between Giurgiu and Ruse

The Romanian Border Police has ordered measures to ensure operational control and reduce waiting times at the border with Bulgaria at Giurgiu-Ruse , where heavy traffic is expected over the weekend, BTA reported, citing the Agerpres agency.  An..

published on 7/27/24 4:41 PM
Sofia mayor Vasil Terziev.

Mayor of Sofia aims to make capital a net zero carbon city by 2020

One of our ambitious goals is to make Sofia a net zero carbon city by 2030. This was announced by the Mayor of Sofia, Vasil Terziev, at the opening of the 61st session of the Intergovernmental Panel on Climate Change (IPCC). Bulgaria's capital city..

published on 7/27/24 1:22 PM
Христо Иванов

Hristo Ivanov of Yes, Bulgaria: Judicial reform went to the bin

"The judicial reform has been thrown in the bin. It is a model that shows the utter madness of concentrating so much power at the top of a repressive institution and having no control over the figure who runs it. The court has said that Bulgaria is a..

published on 7/27/24 12:02 PM