The international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable,confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'.the Ministry of Finance has announced.
The positive tendency reflects the agency’s opinion that Bulgaria may join the Eurozone within the next 24 months. The agency notes that the country now has the first stable government in two years, after five elections for parliament. The economy of Bulgaria has robust prospects for real growth at an average rate of 3% for the 2024-2026 period.
Shell Exploration and Production (96) B.V , a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in Bulgaria's exclusive economic zone in the Black Sea, announced Bulgaria's caretaker Minister of Energy..
The Bulgarian-Moldovan Chamber of Commerce and Industry held a meeting with leading specialists from the energy sector of Bulgaria and Moldova. The online conference was led by the Chairman of the Bulgarian-Moldovan Chamber of Commerce and Industry,..
The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028. The size of pension insurance is to be preserved in..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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