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
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
Cloudy
Mostly Cloudy
Overcast, rain
Partly cloudy, chance of rain