Text size

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

published on 7/30/24 12:30 PM

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections are highlighted as undermining the effectiveness of institutions "due to the structural nature of the political crisis".

Efforts to introduce the single currency is the factor with a positive effect on the country's credit profile, the other two factors of stability are EU membership and the low level of public debt. "The very aspiration to the euro area has already contributed to developing institutional and governance strength," the analysis adds.

"The fight against corruption remains a significant challenge and amplifies the negative effect of structural deficiencies of the economy such as an ageing population and weak infrastructure," the interim assessment added.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy credit rating agency euro Moody's

More from category

Price of Bulgarian agricultural land has been steadily rising

Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years , according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it..

published on 8/13/24 11:34 AM

Blagoevgrad to be presented as an attractive place to live and do business

"Come to Blagoevgrad" is the motto of a three-day forum organized by the team of Mayor Metodi Baikushiev. The event aims to attract and motivate Blagoevgrad residents working and doing businesses abroad to return and realize their potential in their..

published on 8/12/24 11:26 AM

Housing prices in Sofia are steadily rising

The residential real estate market in Sofia in the second quarter of 2024 remains stable and active. Despite forecasts for a possible lull, the trends show a rise in prices and a significant increase in demand. This is shown by an analysis of one..

published on 8/6/24 5:48 PM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 10 | Max: 22

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..

published on 9/17/24 10:05 AM

Share