Fitch Ratings has revised the outlook on Bulgaria's long-term foreign-currency issuer default rating (IDR) to stable from positive and affirmed the rating at “BBB”, because of the coronavirus pandemic.
This is the rating agency’s first evaluation since the beginning of the pandemic. According to Fitch, this year Bulgaria’s GDP will drop from 3.2 % to minus 5.1 %, but will recover next year to reach an increase of 4.2%.
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
On 2 July, Bulgarian President Rumen Radev is to take part in the opening of the 28th Annual Economist Government Roundtable, the Bulgarian news agency BTA reports. The international forum brings together state leaders from Greece and the region,..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder