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.
Education must make children not only knowledgeable but also good people, said Minister of Education and Science Krasimir Valchev at a meeting with His Holiness Daniil, Patriarch of Bulgaria and Metropolitan of Sofia. "We are discussing the..
"Only united will we preserve Bulgaria in the global turmoil. That bright Bulgaria of Levski, which relies on its own strength. The ancient Bulgaria that feels equal to the European nations. That fraternal Bulgaria of free people, which has defended..
The European Union must remain united and predictable in its overall support for Ukraine, Bulgaria’s Prime Minister Rosen Zhelyazkov said in his speech at the second emergency meeting on Ukraine, hosted by French President Emmanuel Macron, announced..
The patriots from Vazrazhdane parliamentary party and civil organizations against Bulgaria's accession to the Eurozone have announced a protest for today...
In Plovdiv, experts discuss issues of the food industry, in accordance with the most up-to-date requirements of the Bulgarian and European regulatory..
More than 550,000 people received support last year under the European programme Food and Basic Material Assistance – packages of staple foods and nine..
Mostly Cloudy
Partly Cloudy