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Fitch Ratings affirms Bulgaria's long-term foreign-currency Issuer Default Rating

Fitch Ratings has affirmed Bulgaria's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB' with a positive outlook. Bulgaria intends to request a reassessment of its progress on convergence criteria in 2H24, which should allow for..

published on 4/27/24 1:03 PM

More than 1/5 of Bulgarians live below the poverty line

The poverty threshold in Bulgaria was BGN 637.92 (EUR 323) per person per month in 2023. This is an increase of 21.3 per cent compared with the previous year , when the indicator was BGN 525.92 (EUR 266), the National Statistical Institute said.  I..

published on 4/26/24 1:37 PM
The Vienna Economic Forum - Sofia Meeting 2024

Caretaker PM Dimitar Glavchev with an address to the Vienna Economic Forum - Sofia Meeting

“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..

published on 4/22/24 10:24 AM
Adrian Nikolov

Salaries in industry will catch up with the pay in the IT sector

In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..

published on 4/19/24 10:32 AM
Dimitar Radev

Dimitar Radev: Joining the Eurozone later in 2025 is a possible scenario

Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..

published on 4/18/24 10:27 AM

Tsveti and her buffaloes of the Bulgarian Murrah breed

She is beautiful, young and educated and has the qualities for a successful career on the catwalk or in the advertising business! But she chose to raise buffaloes in a Bulgarian village. Tsvetelina Nedkova graduated with honors from..

published on 4/16/24 3:06 PM

Kristalina Georgieva: Chance to enter the Eurozone should not be missed

Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its role in shedding light on incomes, but it's time to replace it, Kristalina Georgieva, managing..

published on 4/16/24 11:54 AM

Caretaker cabinet continues Bulgaria's course towards the Eurozone

"I have tried to get experts into the government, to achieve continuity and the cabinet to be politically balanced," caretaker Prime Minister Dimitar Glavchev said when presenting the composition of the already active caretaker cabinet to the President...

published on 4/15/24 12:20 PM

European Commission with information campaign on adoption of the euro in Bulgaria

Caretaker Deputy Prime Minister and Finance Minister Lyudmila Petkova, Vice President of the European Commission Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni signed, in Luxemburg, a partnership agreement between the..

published on 4/12/24 11:18 AM
Petar Ganev

Political instability deters foreign investment

The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and..

published on 4/8/24 10:04 AM