Text size

Standard & Poor's confirms Bulgaria's rating and positive outlook

published on 5/25/24 10:50 AM

Photo: Archive

The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.

If a stable government is formed immediately after the elections on 9 June this year and a prolonged period of instability similar to the one between 2021 and 2023 is avoided, the agency does not expect a significant delay in the country's accession to the euro area. Even if we do not introduce the euro in 2025, this will most likely happen no later than 1 January 2026, S&P Global Ratings predicts.

According to the agency, the Bulgarian economy has strong growth prospects over the next few years. Real GDP growth is forecast to average just under 3% in 2025-2027.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy credit rating GDP growth Standard & Poor's

More from category

BNB discusses eurozone accession with EU ambassadors in Sofia

Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone , the BNB announced. The meeting was held in Sofia at the invitation of Hungarian..

published on 12/4/24 9:41 AM

The business wants political stability with a working government and parliament

With a growth of 2.2 percent, Bulgaria is among the top 6 countries in the EU, Caretaker Minister of Economy Petko Nikolov reported during the ceremony of presenting the annual awards of the Bulgarian Chamber of Commerce and Industry..

published on 12/4/24 9:03 AM

Local authorities call for urgent reform of Bulgaria's planning districts

Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which..

published on 12/2/24 9:27 AM

WEATHER

Pick city: Sofía

Snow
Min: -1 | Max: 1

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Unions and businesses protest against hike in industrial electricity prices

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..

published on 1/9/25 1:13 PM

Share