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 the second day of consultations with President Rumen Radev over forming a government, the leader of "Vazrazhdane" Kostadin Kostadinov expressed confidence that it was possible to have a cabinet within the new National Assembly. He..
The parliamentary group of PP-DB will insist for a hearing of the caretaker Prime Minister and the Minister of the Interior in the National Assembly over the reasons for increasing the level of protection of the chairman of GERB,..
The Armenian community in Burgas will present its traditional dishes at 10:30 am on June 25 in the Ethno-kitchen of the Ethnographic Museum at 69 Slavyanska Street. The event is part of the project "Old Burgas through the Eyes of Dr. Melkonyan". The..
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