S&P Global Ratings has reaffirmed its long and short-term foreign and local currency sovereign credit ratings on Bulgaria at BBB/A2-, and kept a stable outlook.
The slow pace of vaccine rollout and the potential new outbreak of Covid-19 could lead to a weaker than expected recovery of external demand. The contraction of Bulgaria’s economy has been relatively weak, which is mainly due to the sustainable domestic demand. In the medium term (until 2024), the large flow of EU funds will provide a solid opportunity for economic growth. Despite the challenging domestic political environment and the Covid-19 pandemic, Bulgaria has maintained a strong fiscal position, reads the analysis.
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN),..
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