The international credit rating agency Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating (IDR) at 'BBB' with a positive outlook.
Bulgaria's ratings are supported by its strong external and public balance sheets versus 'BBB' peers and a credible policy framework, underpinned by EU membership and a long-standing currency-board. This is balanced by unfavourable demographics, which weigh on potential growth and government finances over the long term, as well as by slightly weaker governance indicators than peers. Political uncertainty remains an important downside risk, given renewed prospects of new elections that could delay absorption of funds linked to the Recovery and Resilience Plan, which was finally approved in April, Fitch writes.
A lasting settlement of the conflict will require dialogue between all parties, reads the final communiqué signed by 80 countries at the Summit on Peace in Ukraine held in Switzerland. The document, supported by the majority of participants, calls..
It will be sunny on Monday. Clouds will form over the mountains in western Bulgaria in the afternoon with a chance of showers. The lowest temperatures will range from 15°C to 20°C, for Sofia 15°C. Daytime highs will reach 30°C-35°C, for Sofia- 30°C...
Representatives of the Austrian and German interior ministries are stationed and working at Sofia Airport, according to an official statement from the Ministry of the Interior. The document quotes Interior Minister Kalin Stoyanov, the website..
A hydrogen bus and the first hydrogen electric car in Bulgaria will drive through the streets of Sofia, Pazardzhik and Stara Zagora in the coming days,..
Bulgaria is among the countries in Europe where the tiger mosquito, which carries viruses such as dengue and zika, has become established. This was..
I have good news for the voters of "We Continue the Change" - "Democratic Bulgaria". Without our participation in the consultations GERB leader Boyko..
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