Fitch Ratings has revised the outlook on Bulgaria's long-term foreign-currency issuer default rating (IDR) to stable from positive and affirmed the rating at “BBB”, because of the coronavirus pandemic.
This is the rating agency’s first evaluation since the beginning of the pandemic. According to Fitch, this year Bulgaria’s GDP will drop from 3.2 % to minus 5.1 %, but will recover next year to reach an increase of 4.2%.
Defence Minister Atanas Zapryanov has proposed the establishment of wartime command centres for state institutions . A draft decree from the Council of Ministers on this matter has been published for public consultation. The initiative aims to ensure..
The Ministry of Justice has proposed an amendment to Tariff No. 1 of the State Fees Act, outlining the fees charged by courts, the prosecution service, investigative services, and the Ministry of Justice. According to the government press service, the..
Due to a lack of rainfall, the water level in Lake Srebarna has dropped to just 15 centimeters, posing a serious threat to the entire ecosystem, reported public service broadcaster BNT. Lake Srebarna is one of the most significant wetlands in Europe..
At the invitation of Jagiellonian University, one of the oldest universities in Europe, founded in 1364 , Vice President Iliana Yotova will be in Krakow,..
A Bulgarian delegation, led by Prime Minister Rosen Zhelyazkov, will participate in the NATO summit focusing on defense and deterrence plans, which..
It will be a fine, almost quiet night. Tomorrow will be sunny and hot, particularly in the lowlands. A light wind will blow in from the west-northwest...
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