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.
Toshiba Energy Systems & Solutions Corporation will assist Bulgaria in bringing the Chaira power plant back into operation as soon as possible. The news was announced after the visit of the Bulgarian Minister of Energy, Vladimir Malinov, to Tokyo...
On 5 September at 10pm local time, Niagara Falls will be illuminated in the colours of the Bulgarian national flag - white, green and red. The light show is in celebration of Bulgaria's Unification Day, which falls on 6 September. It is an initiative of..
At an extraordinary meeting, the municipal councilors from the Municipality of Dobrich, Dobrich District, North-Eastern Bulgaria, decided that the local residents should decide in a referendum whether to give the green light for wind energy parks in..
Bulgaria’s Defence Minister Atanas Zapryanov confirmed that Bulgaria has sent Ukraine Gvozdika self-propelled artillery systems, public service TV BNT..
In just one day 500 Bulgarians accessed their health records on their mobile telephones using the application eZdrave (eHealth), the Ministry of Health..
As a result of the enhanced dialogue and actions by the competent bodies in Bulgaria and Turkey, a 70% drop in the migrant flow has been registered,..
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