Text size

Standard & Poor's confirms Bulgaria's rating and positive outlook

published on 5/25/24 10:50 AM

Photo: Archive

The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.

If a stable government is formed immediately after the elections on 9 June this year and a prolonged period of instability similar to the one between 2021 and 2023 is avoided, the agency does not expect a significant delay in the country's accession to the euro area. Even if we do not introduce the euro in 2025, this will most likely happen no later than 1 January 2026, S&P Global Ratings predicts.

According to the agency, the Bulgarian economy has strong growth prospects over the next few years. Real GDP growth is forecast to average just under 3% in 2025-2027.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy credit rating GDP growth Standard & Poor's

More from category

Businesses are cautious in their expectations for 2025

41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..

published on 12/17/24 11:32 AM

The price of electricity is expected to increase by 9% on January 1, 2025

The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..

published on 12/15/24 10:01 AM

CITUB calls for the introduction of a national subsistence wage

The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..

published on 12/13/24 10:35 AM