Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sofia's long-term credit rating remains stable

Photo: Boris Dimitrov

The international rating agency Standard & Poor's (S&P) has confirmed the stability of Sofia's long-term credit rating - BBB, which is equal to Bulgaria's rating, the Sofia Municipality announced. According to the agency, the national GDP per capita is lower than the Central European and other comparable countries, but on the other hand Sofia has a clear strategy to present itself as an investment zone and а digital capital. 

The capital continues to have more stable economic indicators than the national average, despite the crisis with the Covid-19 pandemic. Sofia's revenues balance the unpredictable financial framework in which Bulgarian cities operate. The diversified local economy, low unemployment and financial discipline give S&P reason to maintain its confidence and confirm the forecast for the development of the capital. 
Standard & Poor's expects unemployment in the city to remain below the national average. Sofia has a limited amount of debt and a stable liquidity position, thanks to the sustainable financial results and external co-financing of its investment program. 
Therefore, the Bulgarian capital is expected to continue to have stable revenues and expenditures in the normalization of the economy.



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.

More from category

DPS will not propose a government with the second cabinet-forming mandate

The Movement for Rights and Freedoms (DPS) will immediately return the second  government- forming  mandate , DPS Co-chairman Delyan Peevski told journalists. He added that the country is heading towards new elections.  "The second mandate..

published on 7/4/24 3:47 PM
Caretaker Premier Dimitar Glavchev

Premier Glavchev: Bulgaria has not been pressured to change its position on North Macedonia

Bulgaria's position regarding the Republic of North Macedonia remains unchanged - our country insists that the signed agreements be respected, caretaker Premier and Minister of Foreign Affairs Dimitar Glavchev said at a hearing in Parliament on the..

published on 7/4/24 2:58 PM

Bulgaria is an attractive destination for dental tourism

The Balkans are attracting more and more medical tourists, with Turkiye being the undisputed leader, ranking among the top 10 most preferred countries for health tourism, according to the jury of the ninth edition of the BALKAN MEDICAL AWARDS 2024,..

published on 7/4/24 1:53 PM