Fitch Ratings 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. In Fitch's view, Bulgaria should meet legal requirements for eurozone accession but the biggest obstacle remains the price stability criterion. HICP inflation in Bulgaria has been running above the rate of the three best performing EU member states since the beginning of the year and is expected to remain elevated throughout 1Q23. “We expect this year's GDP growth to be 3.5% (previous review: 3.0%) due to better-than-expected performance in 1H22 (…) We expect HICP inflation to remain in double digits throughout 1Q23 and to decelerate toward 5.5% yoy by end-2023,” the Fitch rating action commentary reads.
BGN 1 billion (EUR 510 million) under the Strategic Plan for Agriculture and Rural Development 2023-2027 will be distributed between municipalities in Bulgaria in December 2024, said caretaker Minister of Agriculture and Food Georgi Tahov at the..
The remaining BGN 125 million (EUR 63.9 million) under the so-called ''Ukrainian aid'' will be paid by the end of November, caretaker Deputy Premier and Minister of Finance Lyudmila Petkova told journalists after a meeting with representatives of the..
On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker Minister of Agriculture and Food Georgi Tahov. At a meeting with representatives of the agricultural..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the..
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