Share

Text size

Bulgarian National Radio © 2024 All Rights Reserved

Fitch affirms Bulgaria's credit rating at ‘BBB’ with stable outlook

Bulgaria can adopt the Euro in 2024 at the earliest

published on 8/22/20 10:58 AM

Photo: EPA/BGNES

The international rating agency Fitch has confirmed Bulgaria's long-term credit rating in foreign and local currency "BBB" with a stable outlook, the press center of Bulgaria's Ministry of Finance announces.

The rating is supported by the strong external and fiscal balances, as well as by a credible policy framework supported by membership of the European Union and the long-standing functioning of the currency board. The limiting factors for the rating are both lower income levels compared to countries with the same rating and unfavourable demographic factors that could limit growth and put pressure on public finances in the long run.

According to Fitch, Bulgaria's accession to ERM II and the Banking Union in July 2020 is an important achievement. Bulgaria can adopt the euro at the earliest in January 2024, the agency predicts.

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

Radio Bulgaria Economy BBB credit rating euro Fitch

More from category

BNB

The largest flow of investments to Bulgaria is from the Netherlands, outflow is to Russia

The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show. According to them, the..

published on 9/20/24 6:03 PM

Bulgaria to ask EU to suspend egg imports from Ukraine

Bulgaria will request the suspension of egg imports from Ukraine at the upcoming Agriculture and Fisheries Council meeting in Brussels on September 23, caretaker Minister of Agriculture and Food Minister Georgi Tahov said at a meeting with farmers..

published on 9/20/24 10:31 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 Commission has given the green light for the subsidy, the energy minister said. According to..

published on 9/18/24 3:06 PM

1
2
3
4
5
6
..
10

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 6 | Max: 25

BULGARIA IN PICTURES

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

MOST VIEWED

First LNG delivery from the Alexandroupolis terminal arrives in Bulgaria

Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..

published on 10/3/24 3:39 PM

shopify analytics ecommerce
tracking