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.
For the first time, a unique collection of Western European textile panels (tapestries) is on display at the National Gallery – Square 500. The exhibits were added to the collection in the 1960s by the Bulgarian National Bank as part of the..
Tonight, the cloud cover will be significant, with rain expected in parts of the western half of the country—more substantial in the central regions. The lowest temperatures will range between 6°C and 11°C, around 9°C in Sofia. On Saturday,..
Thirteen people were arrested in central Sofia during a specialized police operation aimed at countering illegal migration and preventing crimes committed by or against foreign nationals. The operation took place on April 16 and 17, said the Ministry..
Blind ultrarunner Victor Asenov has officially become part of the Everesting Hall of Fame, Sportal.bg reports. Between March 21 and 23, the..
Border Police remind that major repairs are underway on the Bulgarian section of the Danube Bridge in Ruse, and because of this, a temporary traffic..
On Friday, the minimum temperatures in Bulgaria will be from 7 to 12°C. In Sofia, it will be around 10°C. During the day, the cloudiness over the..
Partly cloudy, chance of rain
Overcast, rain
Cloudy
sunshine, cloud, rain and thunder