The international credit rating agency Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating (IDR) at 'BBB' with a positive outlook.
Bulgaria's ratings are supported by its strong external and public balance sheets versus 'BBB' peers and a credible policy framework, underpinned by EU membership and a long-standing currency-board. This is balanced by unfavourable demographics, which weigh on potential growth and government finances over the long term, as well as by slightly weaker governance indicators than peers. Political uncertainty remains an important downside risk, given renewed prospects of new elections that could delay absorption of funds linked to the Recovery and Resilience Plan, which was finally approved in April, Fitch writes.
For the third day in a row, Sofia will remain without ground public transport, the Center for Urban Mobility announced on its Facebook page. After a several-hour meeting with the capital's mayor Vasil Terziev, representatives of the Confederation of..
Rain will begin in the western half of the country on Thursday night and spread across the whole country during the day . Cooler air will also move in. Maximum temperatures will range from 12°C in the west to 20°C in the east, with around 12°C in Sofia...
Sofia Mayor Vasil Terziev met with the transport unions, representatives of the protesting employees of the capital's public transport for the second day, who are demanding a salary increase . The meeting ended without reaching an agreement. However,..
A protest under the slogan "Decent work - decent remuneration! There is no economy without transport!" stopped the operation of all..
The protest of the workers in Sofia's public transport, which has blocked the capital since the morning, is still ongoing , the chairman of the..
The idea of a referendum on the euro is supported by 63.3% of Bulgarians and 35.3% are "against". This is shown by an independent poll by the Myara..
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