LUNAR Festival 2024: Illuminating Sofia's Nightscape Once Again
Sofia's Lunar Festival of Lights is back, illuminating the city with more than 20 captivating light installations across its most iconic landmarks.
On the day of the banker - Nikulden - Sofia received an investment rating from the S & P Global Ratings international rating agency.
The agency raised BB+ to BBB-s the long-term credit rating with a stable outlook.
So the rating of the capital falls into the "investment ratings" group.
In practice, this means that Sofia Municipality is becoming an even more attractive place to direct investments.
A good benchmark for foreign investors is the good rating. It benefits the municipality itself and its citizens because it helps to attract cheaper financial resources for the capital's program.
The rise in credit ratings has boosted the work of the mayor's team and the municipal administration to maintain financial stability. This happens with the maintenance of a high level of own revenues of Sofia Municipality.
The reason for the increase in the credit rating of the capital is that in support of Sofia's inherent rating is the status of the city as an administrative, financial and commercial center of Bulgaria.
The country's rating is BBB- / stable outlook / A-3, which means that the economy of Sofia is stronger than the average for the country. For this reason Standard & Poor's give the Sofia Municipality the maximum possible rating for a Bulgarian municipality that is equal to the state one.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022