The international credit rating agency Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating (IDR) at 'BBB' with a positive outlook.
Bulgaria's ratings are supported by its strong external and public balance sheets versus 'BBB' peers and a credible policy framework, underpinned by EU membership and a long-standing currency-board. This is balanced by unfavourable demographics, which weigh on potential growth and government finances over the long term, as well as by slightly weaker governance indicators than peers. Political uncertainty remains an important downside risk, given renewed prospects of new elections that could delay absorption of funds linked to the Recovery and Resilience Plan, which was finally approved in April, Fitch writes.
Most foreign workers in Bulgaria are employed in tourism, construction and transport. This information comes from Atanas Katsarchev, chief economist of the "Podkrepa" trade union, who spoke to BNR. He added that, due to the lack of medical personnel,..
Led by Prime Minister Rosen Zhelyazkov, the Bulgarian delegation is visiting Rome and the Vatican on 22 and 23 May 2025. Traditionally held on the eve of 24 May, the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, enlightenment,..
Bulgaria is represented with its own stand at the 4th China-CEEC Expo & International Consumer Goods Fair, which is being held from May 22 to 25. "The interest of Chinese consumers in Bulgarian products is undeniable. Yogurt,..
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it,..
The Trade Union of Bulgarian Medical Specialists has declared readiness for protest actions and an effective strike, according to a statement published..
55% of Bulgarians do not feel informed about the introduction of the euro in Bulgaria, while 41% express the opposite opinion, according to a..
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