Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook, the Ministry of Finance announced.
According to the agency, the country can still meet its target by adopting the euro next year, but said that the country’s adoption of the euro was “likely to be delayed at least until 2025.”
While the rate of growth is expected to slow to 1.4% of GDP in 2023, Moody's expects that this will be among the more robust growth rates among European sovereigns this year, and that growth will pick up to 2.9% in 2024. According to the credit ratings agency inflation will be high but declining towards 6.0% by the end of 2023, from 14.3% at the end of 2022.
Moody’s expects that the headline deficit will remain broadly stable around 3% of GDP in 2023 and 2024.
Bulgaria is among the most dynamic and promising economies in Southeastern Europe, said Prime Minister Rosen Zhelyazkov. He participated in a luncheon roundtable discussion in New York organized by the Delphi Economic Forum and the Business Council..
Plovdiv is hosting the 79th International Technical Fair from September 24 to 27, 2025 , bringing together leading companies, innovators, and industry professionals. The Forum highlights technological advancement and sustainable development across key..
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
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