BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of need, as expressed by its Government Support Rating (GSR) of 'BBB'. BDB's GSR is primarily driven by its full state ownership. Fitch considers that there is limited scope for bail-in of BDB's senior creditors that would be politically acceptable for the state, given its development bank status. BDB has policy bank status, with its development mandate determined by a dedicated legal act. This act defines BDB's role as the primary provider of financial support to small- and medium-sized enterprises (SMEs) as well as a participant in projects that have priority to the national economy.
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..
The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has..
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