Podcast in English
Text size
Bulgarian National Radio © 2025 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

President Radev at the water blessing ceremony in central Sofia on Epiphany (archive)

Water blessing ceremony of the Bulgarian Army Flags to take place on Epiphany

On January 6, the feast of Epiphany, the traditional water blessing of the battle flags and holy flags of the Bulgarian Army will be celebrated in all garrisons of the country. The solemn ritual in Sofia will begin at 11:00 in front of the Monument to..

published on 1/6/25 6:05 AM
Traditional male dance in Kalofer on Epiphany (archive)

Traditional male dance in the icy waters of Tundzha River to take place on Epiphany

This year, as always, hundreds of brave men from the town of Kalofer and the whole country will embark on January 6 - Epiphany - in a men's dance in the icy waters of the Tundzha River . It is believed that anyone who enters the cold water of Epiphany..

published on 1/6/25 12:35 AM

Sunny and pleasant January weather expected on Monday

On Monday the weather in Bulgaria will be mostly sunny with scattered high clouds . Before noon around the Danube, in the valleys and western regions of the Upper Thracian Lowland there will be fog. There will be a weak, in Eastern Bulgaria to moderate..

published on 1/5/25 6:55 PM