Economy


    • Fitch raises Bulgaria's credit rating

      Fitch raises Bulgaria's credit rating

      The global credit rating agency Fitch Ratings raised from stable to positive the outlook over Bulgaria's Long-Term Foreign-Currency and Local-Currency credit rating. The country's BBB rating was affirmed. This was announced by the Ministry of Finance's press centre.

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    • Bulgaria's macroeconomic indicators are very good

      Bulgaria's macroeconomic indicators are very good

      Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria's Transition: Innovation - Green Agenda - Digital Transformation. Bulgaria's public debt is among the lowest, the budget deficit for 2020 is 3%, and the unemployment rate in the country is 5% according to data by the National Statistical Institute and 7% according to data by the Employment Agency, he added.

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    • Bulgaria prepares plan to adopt euro

      Bulgaria prepares plan to adopt euro

      The main tasks that the Bulgarian government has to undertake are related to fulfilling the Roadmap commitments resulting from the Bulgarian lev's entry into ERM II, which took effect on 10 July 2020. This is what Minister of Finance Kiril Ananiev said in an interview he gave at the annual Euromoney forum for Central and Eastern Europe, the Ministry of Finance announced on its website. According to him, a National Plan to Adopt the Euro in Bulgaria is being drafted.

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    • PM Borissov: Realisation of new nuclear power facility will be of strategic importance

      PM Borissov: Realisation of new nuclear power facility will be of strategic importance

      We have launched a procedure for searching an opportunity to build a new nuclear power facility on No 2 site of Kozloduy Nuclear Power Plant (NPP). This was posted by PM Boyko Borissov on his Facebook page after the Council of Ministers’ Meeting. The reason was the decision of the cabinet to give a mandate to the Bulgarian Energy Holding to study the possibility for construction of unit 7 of the NPP as well as to negotiate with US companies.

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    • Balkan Stream enters its final phase

      Balkan Stream enters its final phase

      With the implementation of Balkan Stream, Bulgaria turns into a regional strategic gas distribution centre and guarantees diversification of natural gas supplies. The project is entering its final phase. This was posted by Prime Minister Boyko Borissov on Facebook. Before that, he inspected the construction site of Balkan Stream from air, via a government helicopter.

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    • Borissov, Vucic inspect Balkan Stream gas pipeline

      Borissov, Vucic inspect Balkan Stream gas pipeline

      Bulgarian Prime Minister Boyko Borissov and Serbia’s President Aleksandar Vucic inspected the Balkan Stream gas pipeline in its Letnitsa section on Monday. “What I know is that there are no wars where there are gas pipelines,” PM Borissov said. He underscored the fact that Balkan Stream is planned to transit natural gas from different sources, which will contribute to diversifying supplies for the region.

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