Send to Kindle
Sofia Mayor Yordanka Fandakova. Photo: BGNES
Sofia Mayor Yordanka Fandakova said she was worried about the city's credit rating, after Standard and Poor's cut Bulgaria's rating to BBB-.
“I am extremely worried, because the state's and the municipalities' credit ratings are like interconnected vessels,” Fandakova told Focus news agency.
“In the hardest years of economic downturn we managed not only to keep our credit rating, but to improve it,” she said. “We managed to increase the budget, to build and develop our city. Unfortunately, however, the city's credit rating is dependent on the country's credit rating. So I expect the Sofia credit rating to be cut, in spite the stable financial situation of the city.”
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Beginning May 7, commuters in Sofia can look forward to improved public transit services with the introduction of modern low-floor trams on line 6 and enhanced frequency on line 8
Sofia, the capital city of Bulgaria, faces a mounting challenge with abandoned vehicles cluttering its streets, as reported by the Metropolitan Inspectorate
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
In a chilling turn of events, the lifeless body of a man was discovered in Sofia's "Zapaden Park" yesterday, as reported by NovaTV
In connection with the replacement of a shut-off valve on "Beli Dunav" street, district "Nadezhda-3" from Sofia Water warns that today (April 16) it is necessary to stop the water supply from 9:00 a.m. to 9:00 p.m.
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
