Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country periodic review announced by the international credit rating agency Moody’s Ratings.
The small size of the Bulgarian economy is partially offset by relatively high income levels, However, population aging and weak infrastructure continue to be structural economic weaknesses, the review notes, quoted by BTA. Despite progress since the beginning of the year, Bulgaria continues to lag behind most EU countries in implementing the National Recovery and Resilience Plan, the analysis emphasizes. Regarding economic growth, Moody’s expects it will remain supported by strong private consumption.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Reuters
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain