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.
On June 26, people around the world are encouraged to take an active stance against the spread of drug addiction. On the occasion of the International Day against Drug Abuse and Illicit Trafficking, municipal institutions in Sofia, with the..
Wednesday will be mostly sunny, with clouds developing over the western half of the country in the afternoon. There will be brief showers, thunderstorms and a chance of hail. The phenomena will be intense in mountainous areas. Maximum temperatures will..
Caretaker Minister of Interior Kalin Stoyanov is attending the ministerial conference of the Salzburg Forum countries in Vienna, the Ministry of Interior's press center reported. The conference is held within the framework of the Austrian..
On Tuesday it will be mostly sunny before noon, with light to moderate east-northeasterly winds in the afternoon. Maximum temperatures will be between..
"We are gradually starting to equip the trains with electronic devices for selling tickets," BDZ Passenger Transport manager Ventsislav Slavkov said,..
2023 was another year in which high-level corruption in Bulgaria remained under the radar, as the criminal proceedings conducted did not reflect the true..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy