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 annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..
The pig meat sector in Bulgaria is showing signs of growth. This was announced at the International Forum "Modern Trends in Pig Farming: Scientific, Market and Regulatory Aspects", held today in Stara Zagora. It was highlighted that 53% of the..
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member..
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