Fitch Ratings has raised the outlook on Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) from stable to positive. The current assessment stems from lower macroeconomic risks associated with the Covid-19 crisis, the continuing interest in joining the euro zone, as well as the support from EU funds.
In the coming years, Bulgaria is expected to be one of the main beneficiaries of EU financing, including 16.6 billion euros (27% of GDP in 2020) under the multi-annual financial framework (2021-2027) and 7.5 billion euros (12% of GDP for 2020) in the form of EU grants under the NGEU mechanism. According to Fitch Ratings, this would increase economic growth from projected 3% in 2021 to 4-5% in the period 2022-2025.
In the long run, however, Fitch also points out a number of unfavorable factors, including the demographic structure of the population.
The remaining BGN 125 million (EUR 63.9 million) under the so-called ''Ukrainian aid'' will be paid by the end of November, caretaker Deputy Premier and Minister of Finance Lyudmila Petkova told journalists after a meeting with representatives of the..
On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker Minister of Agriculture and Food Georgi Tahov. At a meeting with representatives of the agricultural..
The liquefied natural gas (LNG) terminal at Alexandroupolis, of which Bulgaria is co-shareholder, is already contributing to competitiveness in Greece and Bulgaria, but also in the entire region, said caretaker Energy Minister Vladimir Malinov after..
The remaining BGN 125 million (EUR 63.9 million) under the so-called ''Ukrainian aid'' will be paid by the end of November, caretaker Deputy Premier and..
On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker..
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