ПРОГРАМИ
en de ru fr es sr gr al tr ro
Podcast in English
Share
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Fitch affirms Bulgaria's credit rating at ‘BBB’ with stable outlook

Bulgaria can adopt the Euro in 2024 at the earliest

Photo: EPA/BGNES

The international rating agency Fitch has confirmed Bulgaria's long-term credit rating in foreign and local currency "BBB" with a stable outlook, the press center of Bulgaria's Ministry of Finance announces.

The rating is supported by the strong external and fiscal balances, as well as by a credible policy framework supported by membership of the European Union and the long-standing functioning of the currency board. The limiting factors for the rating are both lower income levels compared to countries with the same rating and unfavourable demographic factors that could limit growth and put pressure on public finances in the long run.

According to Fitch, Bulgaria's accession to ERM II and the Banking Union in July 2020 is an important achievement. Bulgaria can adopt the euro at the earliest in January 2024, the agency predicts.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.
Radio Bulgaria Economy    BBB credit rating euro Fitch

More from category

Bulgarian National Bank building

Within the framework of the budget deficit the government takes on new 3-year debt

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..

published on 5/28/24 9:19 AM

BNB reminds why the real estate market should not be overheated with mortgages

The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..

published on 5/27/24 12:44 PM

Standard & Poor's confirms Bulgaria's rating and positive outlook

The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.  If a stable..

published on 5/25/24 10:50 AM

WEATHER
Pick city: Sofía
Clear
Min: 17 | Max: 34
Clear
Min: 19 | Max: 29
Clear
Min: 19 | Max: 30
Clear
Min: 15 | Max: 35
Clear
Min: 20 | Max: 34
Clear
Min: 17 | Max: 35
Clear
Min: 16 | Max: 34
Clear
Min: 12 | Max: 32
Clear
Min: 17 | Max: 33
Clear
Min: 15 | Max: 34
Clear
Min: 17 | Max: 36
Clear
Min: 19 | Max: 35
Clear
Min: 16 | Max: 35
Clear
Min: 14 | Max: 31
Clear
Min: 17 | Max: 36
Clear
Min: 16 | Max: 35
Clear
Min: 18 | Max: 33
Clear
Min: 19 | Max: 37
Clear
Min: 19 | Max: 34
Clear
Min: 17 | Max: 33
Clear
Min: 13 | Max: 30
Clear
Min: 17 | Max: 32
Clear
Min: 16 | Max: 35
Clear
Min: 16 | Max: 33
Clear
Min: 15 | Max: 35
Clear
Min: 15 | Max: 34
Clear
Min: 15 | Max: 35
BULGARIA IN PICTURES
Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?
Yasen Gyuzelev
Theodore Ushev
Christo Javacheff - Christo
Ilia Peikov
Lika Yanko

BULGARIANS ABROAD

Български English Русский Deutsch Српски Français Ελληνικά Español Shqip Türkçe Română
MOST VIEWED

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were..

published on 7/5/24 1:44 PM

english@bnr.bg

+359 2 9336 661

Общи условия за използване на сайта | Политика за поверителност | Политика за "бисквитки"