Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook, the Ministry of Finance announced.
According to the agency, the country can still meet its target by adopting the euro next year, but said that the country’s adoption of the euro was “likely to be delayed at least until 2025.”
While the rate of growth is expected to slow to 1.4% of GDP in 2023, Moody's expects that this will be among the more robust growth rates among European sovereigns this year, and that growth will pick up to 2.9% in 2024. According to the credit ratings agency inflation will be high but declining towards 6.0% by the end of 2023, from 14.3% at the end of 2022.
Moody’s expects that the headline deficit will remain broadly stable around 3% of GDP in 2023 and 2024.
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..
In the next 12 months, the Bulgarian business needs about 262,000 workers and specialists , according to a study by the Employment Agency. This is nearly 9.3% of the currently employed. Compared to the results in 2023, there is a..
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission..
Scattered showers
Cloudy
Rain / Snow
Rain
Snow