Fitch Ratings has revised the outlook on Bulgarian Development Bank’s Long-term Issuer Rating to Positive from Stable and affirmed the Long-Term IDR and Support Rating Floor at “BBB”, announced the international credit rating agency. The revision of the outlook follows that on the Bulgarian sovereign rating on February 19, informs BTA.
Bulgarian Development Bank’s Long-term Issuer Rating is equalized with the Bulgarian sovereign rating (BBB/ Positive) to reflect a high probability of support from the Bulgarian sovereign, in case of need. The strong incentive to support the Bulgarian Development Bank is mainly driven by the state’s almost full ownership of the bank and material funding from or guaranteed by the state, Fitch Ratings further informs.
A number of institutions – the Ministry of Labor and Social Policy, the Employment Agency, the Executive Agency for Bulgarians Abroad and the Ministry of Interior, as well as members of parliament, have made a clear commitment – to..
Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States,..
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..
Partly cloudy, chance of rain
Mostly Cloudy
Partly Cloudy
sunshine, cloud, rain and thunder