The international credit rating agency Fitch has affirmed Bulgaria's long-term foreign currency issuer default rating (IDR) at 'BBB' with a positive outlook.
Bulgaria's ratings are supported by its strong external and public balance sheets versus 'BBB' peers and a credible policy framework, underpinned by EU membership and a long-standing currency-board. This is balanced by unfavourable demographics, which weigh on potential growth and government finances over the long term, as well as by slightly weaker governance indicators than peers. Political uncertainty remains an important downside risk, given renewed prospects of new elections that could delay absorption of funds linked to the Recovery and Resilience Plan, which was finally approved in April, Fitch writes.
The Council of Ministers has approved and submitted to Parliament for debate amendments to the Criminal Code that increase the penalties for torturing animals and add new, more severe punishments if what is done is filmed for distribution. If..
The Bulgarian government today approved and submitted to the European Commission a request to amend the National Recovery and Resilience Plan. The renegotiation of the plan has been highlighted as a priority for the government of Rosen Zhelyazkov. The..
Representatives of three of the world's leading investment funds, which have a strong interest in setting up large data centres in the country, have reached out to and held meetings with Bulgarian authorities, GERB leader Boyko Borissov told..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5..
The reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by..
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