Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain significantly stronger than those of countries with the same rating. Additionally, the Bulgarian economy is expected to continue growing at a solid pace in 2025 and the years ahead, which will lead to further income convergence with countries in the same rating group. Bulgaria's credit profile will also be supported by the expected adoption of the euro.
Moody’s Ratings expects Bulgaria’s public debt to increase moderately in the coming years, reaching 27% of GDP at the end of 2025 and around 29% at the end of 2026.
The Gross Domestic Product has gone up by 2.4% during the third quarter of the year compared to the same period of 2023, indicate preliminary National Statistical Institute data. This indicates there is a certain acceleration of the growth..
A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with..
Bulgaria and Romania will be fully admitted to the Schengen area, said Walter Ruck, President of the Vienna Chamber of Commerce and Industry said during a meeting with Bulgarian Vice President Iliana Iotova in Vienna. Austrian businesses have always..
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation..
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