Text size

Fitch Ratings: Sofia could be ready to adopt the euro in early 2025

Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating at BBB with a positive outlook

published on 10/19/24 1:43 PM

Photo: EPA/BGNES

International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone membership, which would further improve its external position indicators.

"Bulgaria met all the euro-adoption nominal convergence criteria apart from price stability according to the 2024 Convergence Report, which was released in mid-2024. Since then inflation in Bulgaria has continued to decline, narrowing the gap between average inflation in the country and that of the three best performing EU member states," the agency pointed out.

In Fitch's view, Bulgaria could meet the price stability criterion in early 2025, depending on inflation developments across the EU.

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

Radio Bulgaria Economy bulgaria euro fitch rating positive outlook

More from category

Cheap labour is no longer a leading factor in attracting foreign investments in Bulgaria

Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..

published on 3/31/25 1:19 PM

The tourism sector in Bulgaria is ready to work with the common European currency

Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..

published on 3/26/25 2:10 PM

President Rumen Radev and the Ambassador of Japan to Bulgaria H.E. Hisashi Michigami

Bulgaria and Japan keen on developing strategic economic partnership

Bulgaria can be a strategic partner of Japan for the region of Eastern and Central Europe. This was stated by Bulgarian President Rumen Radev as he welcomed the participants in the business breakfast organized by the Japan-Bulgaria Business..

published on 3/24/25 11:37 AM