Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sofia's long-term credit rating remains stable

Photo: Boris Dimitrov

The international rating agency Standard & Poor's (S&P) has confirmed the stability of Sofia's long-term credit rating - BBB, which is equal to Bulgaria's rating, the Sofia Municipality announced. According to the agency, the national GDP per capita is lower than the Central European and other comparable countries, but on the other hand Sofia has a clear strategy to present itself as an investment zone and а digital capital. 

The capital continues to have more stable economic indicators than the national average, despite the crisis with the Covid-19 pandemic. Sofia's revenues balance the unpredictable financial framework in which Bulgarian cities operate. The diversified local economy, low unemployment and financial discipline give S&P reason to maintain its confidence and confirm the forecast for the development of the capital. 
Standard & Poor's expects unemployment in the city to remain below the national average. Sofia has a limited amount of debt and a stable liquidity position, thanks to the sustainable financial results and external co-financing of its investment program. 
Therefore, the Bulgarian capital is expected to continue to have stable revenues and expenditures in the normalization of the economy.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dimitar Glavchev

Prime Minister Dimitar Glavchev to participate in European Council meeting with focus on Ukraine

Caretaker Prime Minister Dimitar Glavchev will participate today in the European Council meeting in Brussels. The meeting of the leaders of the member states will be chaired for the first time by the new President of the European Council António..

published on 12/19/24 7:40 AM
NATO secretary general Mark Rutte

NATO Secretary General Mark Rutte is arriving in Bulgaria

NATO Secretary General Mark Rutte is arriving in Bulgaria today on a visit. At the Novo Selo military training ground, he will get acquainted with the activities of the Multinational Battle Group with a framework country Italy, which our country is..

published on 12/19/24 6:05 AM

Sunshine expected on Thursday too, but in the higher places

At night there will be high cloudiness, more significant over the southern regions. In most places the wind will weaken and die down. After midnight in the valleys, along the riverbanks and the Black Sea coast visibility will be reduced, fogs with low..

published on 12/18/24 7:35 PM