Fitch Ratings agency has affirmed Bulgaria’s long-term Foreign Currency Issuer Default Rating at BBB- and Local Currency Issuer Default Rating at BBB with stable outlook, Bulgaria's Ministry of Finance informs. Fitch estimates that Bulgaria’s GDP would grow with 2.1% in 2016. In 2015 that country's economy grew with 3%. The forecasted slowdown of the economy will be due to lower EU funds absorption. Net exports will be the main engine of economic growth this year.
In 2022, 14.7% of workers in the EU were low-wage earners . By definition, low-wage earners are those who earn two-thirds or less of the average gross hourly wage in the country. Bulgaria had the highest share of low-wage earners (26.84%). This..
The European Commission hopes to have a positive decision this year on at least part of the second payment under the Recovery and Resilience Plan in the amount of 653 million euros for Bulgaria . This was stated by the Commission spokesman Maciej..
There will be no recount of ballots from the recent parliamentary elections in October 2024. The Central Election Commission (CEC) met today after the Constitutional Court yesterday ordered a recount of the parliamentary election results due to numerous..
On Wednesday, minimum temperatures will range between minus 5° C. and zero, lower in the Northeastern parts of the country where they will drop down..
Hristo Stoichkov has been appointed the Sports Tourism Ambassador for the World Tourism Organization (UN Tourism). This became clear at an official..
Increasing energy connectivity between countries in the region of Southeast Europe will reduce electricity prices, increase competitiveness and security..
Cloudy
Fog