Fitch Ratings raised the outlook for Bulgaria’s long-term credit rating from stable to positive, the Finance Ministry said. “The budgetary outcomes are overstated, further strengthening Bulgaria’s fiscal and debt position compared to other countries. Source: Fitch Raised the Outlook for Bulgaria’s Credit Rating – Novinite.com – Sofia News Agency “The estimated budget surplus in 2018 on an accrual basis is set to be higher than the previous forecast, which is the best performance of the
Bulgaria’s anti-corruption commission starts an investigation following media publications and alerts from non-governmental organisations regarding the purchase of high-end apartments at prices lower than the market value prices by politicians from the ruling majority, reports BNT. Source: Anti-corruption Body Investigates Property Deals of Ruling Majority Politicians in Bulgaria – Novinite.com – Sofia News Agency The politicians subject to the investigation are GERB parliamentary group leader Tsvetan Tsvetanov; Justice Minister Tsetska Tsacheva; Vezhdi Rashidov, head of
In the case of Brexit without agreement, Bulgaria will lose EUR 111 million a year (EUR 16 per capita), and when the UK comes out of the EU with a deal, annual losses will amount to EUR 61 million (EUR 9 per capita). This is the data from a study by the German Bertelsmann Foundation. Source: Brexit Without a Deal will Cost Bulgaria 111 Million Euros a Year – Novinite.com – Sofia News Agency According
The assets of banks in Bulgaria are getting closer to the size of gross domestic product, and by the end of last year they are now equivalent to 97.8% of the country’s economy. Source: Banks in Bulgaria have Earned BGN 1.43 Billion in 2018 – Novinite.com – Sofia News Agency At the end of December 2018, they are estimated at 105.6 billion leva or 7.9% annually, according to the annual report on the state of
The National Statistical Institute (NSI) published data on regional gross domestic product (GDP) for 2017 These data give us the opportunity to orient ourselves in the economic processes at the regional level, even though they are a year back. Source: The Bulgarian Economy – 67% of Services, 28% of Industry and 5% of Agriculture – Novinite.com – Sofia News Agency These data give us the opportunity to orient ourselves in the economic processes at the