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.
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
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