Fitch re-affirms Bulgaria’s ‘BBB’ credit rating, outlook remains positive
Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’, maintaining a positive rating outlook. The credit ratings agency said that the outlook reflected “the dissipation of macroeconomic risks stemming from the Covid-19... Read More →
Bulgaria reports 2.5% economic growth in Q1 2021
Bulgaria’s economy grew by 2.5 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 8. The figure was in line with NSI’s flash estimate released last month.... Read More →
EU winter economic forecast raises Bulgaria 2021 growth estimate to 2.7%
The European Commission was more optimistic about Bulgaria’s economic growth expectations this year and in 2022, raising both target figures in its winter economic forecast, released on February 11. The revised forecast for 2021 is 2.7 per cent, 0.1 percentage... Read More →
Europe Invests in Supercomputer System in Bulgaria
The European High-Performance Computing Joint Undertaking, which pools European resources to buy and deploy world-class supercomputers and technologies, announced on December 14 the signature of a contract worth 11.5 million euro for a new supercomputing system in Bulgaria. The new system... Read More →
FDI in Bulgaria in January-September 2020 was 729.5M EUR
Foreign direct investment in Bulgaria in the first nine months of the year stood at 729.5 million euro, the equivalent of 1.3 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on November 17.... Read More →
FDI in Bulgaria in January-July 2020 was 1.41B EUR
Foreign direct investment in Bulgaria in the first seven months of 2020 stood at 1.41 billion euro, the equivalent of 2.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 18.... Read More →
Bulgaria raises 2.5 billion euro with two long-term bond issues
Bulgaria’s Finance Minister Kiril Ananiev said on September 16 that it has sold 2.5 billion euro in 10-year and 30-year eurobond issues on international markets, with the funds slated to finance the government’s economic measures to blunt the impact of... Read More →
Poll: Business sentiment in Bulgaria improved fractionally in August 2020
A regular monthly poll by Bulgaria’s National Statistical Institute (NS) has found that business sentiment in the country improved marginally in August 2020, compared with July, but largely only because of improved confidence among managers in the service sector. The... Read More →
First Sod of The Supercomputer made in Sofia. Bulgaria Becoming a Digital Hub in the Region
“With its huge power, the supercomputer in Bulgaria will be able to make billions of operations, comparisons and conclusions within an hour. The heat generated by it will be used to heat neighboring buildings. After its construction, Bulgaria will establish itself as a digital hub in... Read More →
Bulgaria reports 0.3% economic growth in Q1 2020
Bulgaria’s economy grew by 0.3 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 4. The figure was in line with NSI’s flash estimate released last month.... Read More →