Inflation Rises Slightly in Bulgaria, Falls Across the Eurozone
Inflation in Bulgaria recorded a slight uptick in May 2025
International credit rating agency Fitch lowered the outlook for Bulgaria's credit rating from positive to stable, it was announced Tuesday.
Bulgaria's credit ratings, according to Fitch, however stay the same - at BBB- for foreign currency and BBB for domestic currency.
The revision is a part of a Fitch campaign to revise its ratings for the region of Central and Eastern Europe where it expects economies to suffer a slow down due to problematic growth in the EU.
According to the report, the geographical structure of Bulgaria's trade give its some degree of protection, given that 25% of Bulgarian exports are to Turkey and the country has significant trade with other non-EU CEE countries, such as Serbia and Croatia.
Fitch however expects those countries to be also hit by a slowing down of the eurozone in 2012, which is expected to create a secondary negative effect for Bulgaria.
The credit rating agency further considers that a target of 1.5% deficit in Bulgaria's state budget for 2012 is well set, but warns that revenue might be harder to collect next year.
The credit outlooks of the Czech Republic, Latvia and Lithuania have also been downgraded from positive to stable.
In its latest Global Economic Outlook, Fitch revised down its forecast for 2012 eurozone GDP growth to just 0.4%, from 0.8% in October version of the GEO and from 1.8% in the June GEO.
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe