Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country periodic review announced by the international credit rating agency Moody’s Ratings.
The small size of the Bulgarian economy is partially offset by relatively high income levels, However, population aging and weak infrastructure continue to be structural economic weaknesses, the review notes, quoted by BTA. Despite progress since the beginning of the year, Bulgaria continues to lag behind most EU countries in implementing the National Recovery and Resilience Plan, the analysis emphasizes. Regarding economic growth, Moody’s expects it will remain supported by strong private consumption.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Reuters
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The..
Overcast, rain
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain