Polish Prime Minister Warns We Are In "Pre-War Era" Amid Russian Aggression
In a sobering assessment of the current geopolitical landscape, Polish Prime Minister Donald Tusk has sounded the alarm, cautioning that Europe is entering a "pre-war era"
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
International rating agency Moody's maintained Russia's sovereign-debt rating at Baa1, but changed its outlook from stable to negative, a message on its website shows.
It says the country's economy could shrink by 1.7% between 2014 and 2018.
Moody's explains its decision to keep rating level with the slim likelihood of tough Western sanctions over the Ukraine crisis.
"Strong fiscal and external accounts," including a positive foreign-trade balance, also helps Moscow to keep its rating, the message argues.
The agency also believes the situation in Ukraine does not significantly affect Russia's outlook.
However, lowered perspective is based on both the Ukraine crisis and negative GDP growth expectations in the mid-term.
Moody's considers "separatist forces and the outbreak of violence" in the east of Ukraine to be of higher concern than that in the Crimean peninsula, which joined Russia following a local referendum in March.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%
The concessionaire company Fraport Twin Star Airport Management announced that Burgas Airport will kick off the active flight season with its first flight since Bulgaria's entry into the Schengen area by air, scheduled for the end of March.
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
"Bulgarian Railways" (BDZ-Passenger Services EOOD) has inked a contract with Deutsche Bahn for the supply of 76 state-of-the-art passenger wagons
After nearly a decade-long absence, the renowned French retail chain Carrefour has made a triumphant return to Bulgaria, marking its comeback with the opening of two supermarkets in Sofia
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022