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.
On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from the west and rainfalls will start. Later in the day there will also be precipitation in the..
The 50th National Assembly ended in a way that is very offensive to us, the Bulgarian citizens, Vice President Iliana Iotova said in Madzharovo, where the Day of Thracian Memory took place at the memorial complex with an ossuary..
The Speaker of the National Assembly, Raya Nazaryan, would convene an extraordinary session if one-fifth of the MPs proposed specific topics and points of discussion. In Kyustendil, where she is a guest of the Fertility..
For the first time in 38 years the population of Bulgaria has practically stopped its downward trend. In 2023 the decline is by a mere 0.3%, or just..
Bulgaria is growing more and more visible for businesses in the US, said Bulgaria’s President Rumen Radev at a briefing in New York after meeting with..
Renowned Bulgarian pianist Marta Deyanova has died in London at the age of 77, her son Martin wrote on Facebook. Marta Deyanova graduated from the..
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