Text size

Fitch Ratings: Sofia could be ready to adopt the euro in early 2025

Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating at BBB with a positive outlook

published on 10/19/24 1:43 PM

Photo: EPA/BGNES

International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone membership, which would further improve its external position indicators.

"Bulgaria met all the euro-adoption nominal convergence criteria apart from price stability according to the 2024 Convergence Report, which was released in mid-2024. Since then inflation in Bulgaria has continued to decline, narrowing the gap between average inflation in the country and that of the three best performing EU member states," the agency pointed out.

In Fitch's view, Bulgaria could meet the price stability criterion in early 2025, depending on inflation developments across the EU.

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

Radio Bulgaria Economy bulgaria euro fitch rating positive outlook

More from category

The government proposes that prices in euros and leva be displayed until the end of 2026

The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..

published on 7/22/25 10:42 AM

Bulgaria has the lowest government debt-to-GDP ratio in the EU

The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..

published on 7/21/25 5:58 PM

CITUB Vice President Ognyan Atanasov presented the results of the survey.

85% of workers in TPP and mines want to stay in the energy sector, a survey shows

If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..

published on 7/21/25 4:40 PM