The international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable,confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'.the Ministry of Finance has announced.
The positive tendency reflects the agency’s opinion that Bulgaria may join the Eurozone within the next 24 months. The agency notes that the country now has the first stable government in two years, after five elections for parliament. The economy of Bulgaria has robust prospects for real growth at an average rate of 3% for the 2024-2026 period.
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
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