Text size

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

published on 7/30/24 12:30 PM

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections are highlighted as undermining the effectiveness of institutions "due to the structural nature of the political crisis".

Efforts to introduce the single currency is the factor with a positive effect on the country's credit profile, the other two factors of stability are EU membership and the low level of public debt. "The very aspiration to the euro area has already contributed to developing institutional and governance strength," the analysis adds.

"The fight against corruption remains a significant challenge and amplifies the negative effect of structural deficiencies of the economy such as an ageing population and weak infrastructure," the interim assessment added.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy credit rating agency euro Moody's

More from category

Business consumers to be compensated for high energy costs

All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European Commission has given the green light for the subsidy, the energy minister said. According to..

published on 9/18/24 3:06 PM

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..

published on 9/17/24 10:05 AM

The Sumitomo Electric Bordnetze factoriy in Mezdra, Bulgaria.

Japanese cable factory moves production out of Bulgaria, citing high costs

Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..

published on 9/15/24 5:00 PM

WEATHER

Pick city: Sofía

Overcast, rain
Min: 12 | Max: 20

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..

published on 9/17/24 10:05 AM

Business consumers to be compensated for high energy costs

All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..

published on 9/18/24 3:06 PM

Share

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

More from category

Business consumers to be compensated for high energy costs

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

Japanese cable factory moves production out of Bulgaria, citing high costs

Romania launches feasibility study for the construction of a second bridge over the Danube River between Giurgiu and Ruse

Business consumers to be compensated for high energy costs