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.
President Rumen Radev will hand the third government-forming mandate to representatives of There Is Such a People (ITN). The mandate will be presented at 12 p.m on Monday, the Presidency press service reported. Thus, ITN gets the last chance to..
The construction of a ferry link between Tutrakan and the Romanian town of Oltenița is expected to begin soon, the mayor of Tutrakan Municipality Dimitar Stefanov wrote on Facebook after a meeting with his Romanian counterpart Mihăiță Beștea...
It will be sunny on Monday. Clouds will form over the northern, central and northeastern parts of the country in the afternoon and the evening with a chance of brief showers. There will be conditions for hail. The lowest temperatures will range from..
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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