Bulgaria's Foreign Policy Advisor Meglena Plugchieva Resigns Amid Caretaker Government Shake-Up
Meglena Plugchieva, the foreign policy advisor to Acting Prime Minister Dimitar Glavchev, has tendered her resignation
The international rating agency Standard & Poor (S&P) Global Ratings upgraded Sofia's long-term credit rating from 'BBB-' to 'BBB', outlook positive, the Sofia Municipality press office reported.
According to S&P Global Ratings analysts, after the local elections in Sofia, there is continuity that will ensure further financial stability and the maintained high liquidity. The international credit agency expects Sofia Municipality to continue to maintain the high level of its own revenues, as before.
Sofia joined the cities with investment ratings in December 2017. The raising of the capital’s rating has happened a couple of days after Bulgaria’s credit rating was also raised. According to S&P Global Ratings rules, a city cannot be rated higher than its state.
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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
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
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