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.
Bulgarians value democracy, human rights, the rule of law and the standard of living in the EU, according to Eurobarometer data presented on July 26 by the European Commission, BTA reports. When asked what are the strengths of the..
October 9 is the deadline for applications for research residencies for literary translators from Bulgarian under the Archipelagos project, the Next Page Foundation announced. The residencies will take place at the House for..
The University of National and World Economy is the only economic one among the four Bulgarian universities present in the prestigious ranking of European universities QS World University Rankings, the press center of the educational..
The explosions near the village of Gara Elin Pelin continue, caretaker Minister of Interior Kalin Stoyanov said. Heavily equipped specialists have..
Traffic is intense at some border checkpoints with Romania, Serbia and Turkiye, Border Police said. At the border with Romania, Traffic is heavy..
The situation with the fire at the Bulgarian-Greek border is quite severe, said caretaker Minister of Interior Kalin Stoyanov. Two Greek helicopters,..
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