Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sofia's long-term credit rating remains stable

Photo: Boris Dimitrov

The international rating agency Standard & Poor's (S&P) has confirmed the stability of Sofia's long-term credit rating - BBB, which is equal to Bulgaria's rating, the Sofia Municipality announced. According to the agency, the national GDP per capita is lower than the Central European and other comparable countries, but on the other hand Sofia has a clear strategy to present itself as an investment zone and а digital capital. 

The capital continues to have more stable economic indicators than the national average, despite the crisis with the Covid-19 pandemic. Sofia's revenues balance the unpredictable financial framework in which Bulgarian cities operate. The diversified local economy, low unemployment and financial discipline give S&P reason to maintain its confidence and confirm the forecast for the development of the capital. 
Standard & Poor's expects unemployment in the city to remain below the national average. Sofia has a limited amount of debt and a stable liquidity position, thanks to the sustainable financial results and external co-financing of its investment program. 
Therefore, the Bulgarian capital is expected to continue to have stable revenues and expenditures in the normalization of the economy.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Velingrad sheep breeders are fighting to protect their herds

Representatives of the Food Safety Agency have arrived in Velingrad to take new samples from the 1,700 sheep quarantined because of a suspected plague outbreak.  BNR correspondent in Pazardzhik Nevena Petrova reported that the Food Agency..

published on 11/27/24 2:06 PM

Bulgaria's President opens business forum in Ho Chi Minh during his Vietnam visit

At the opening of a business forum in Ho Chi Minh City during his official visit to Vietnam, Bulgarian  President Rumen Radev pointed out that Bulgaria can offer a wide range of opportunities for developing mutually beneficial cooperation...

published on 11/27/24 1:46 PM

The Prosecutor's College allowed Sarafov to a hearing before the Supreme Judicial Council's Plenum

The Prosecutor's College of the Supreme Judicial Council approved the reports of the Commission on Attestation and Competitions and the Commission for Professional Ethics regarding the candidacy of Borislav Sarafov for Chief Prosecutor, reported BTA...

published on 11/27/24 12:25 PM