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Fitch confirm Bulgaria's long-term and short-term credit rating

Photo: EPA/BGNES

The Bulgarian Ministry of Finance has reported that Fitch rating agency has confirmed Bulgaria's long-term and short-term credit rating BBB in foreign and domestic currencies with stable prospects.

The agency recognizes that the country has sound external and public finances as well as a credible political framework for a step-by-step approach to the euro area. Bulgaria's economic growth in 2018 is expected to remain close to the one reported last year at 3.7%. The average annual inflation rate is projected to accelerate from 2.8% in 2018 to 3% in 2019.



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