Fitch Ratings credit rating agency has affirmed Bulgaria's long-term foreign-currency issuer default rating at 'BBB' with a positive outlook.
The Positive Outlook reflects the prospects of euro adoption, which would lead to further improvement in external metrics. Despite a series of inconclusive snap elections over the past two years, Fitch believes the key political parties remain committed to euro adoption.The required legislative amendments should be adopted once the political environment stabilises, with risks around the timeline for eurozone entry mainly tied to meeting price stability criterion, Fitch writes.
If the elections were held today, the GERB-SDS coalition would receive 23.1% of the votes, PP-DB - 14.8%, DPS-New Beginning of Delyan Peevski - 11.2%, "Vazrazhdane" - 11%, DPS around Ahmed Dogan - 6.5%, BSP - United Left - 6%, ITN -..
The first vote of no confidence in the government of Rosen Zhelyazkov was expectedly unsuccessful. 150 MPs rejected the vote submitted by the parliamentary groups of "Vazrazhdane", MECH and "Velichie" over failure in foreign..
Sofia celebrates 146 years since its declaration as the capital of Bulgaria. At the proposal of historian, scientist and statesman Prof. Marin Drinov, on April 3, 1879, the Constituent Assembly in the old capital Veliko Tarnovo..
For the first time, the Day of the Bulgarian Canning Industry will be marked on April 3. The solemn event will take place in the..
The National Assembly is to vote the motion of no confidence in the cabinet of Rosen Zhelyazkov today. MPs discuss vote of no confidence in..
“We Continue the Change/Democratic Bulgaria (PP/DB) will not take part in today’s vote of no confidence in the government of Rosen Zhelyazkov,” said..
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