Fitch affirms Bulgaria ‘BBB’ credit rating
Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ with a stable outlook, but now expects gross domestic product to shrink by 5.7 per cent in 2020, compared to 5.1 per cent... Read More →
Bulgaria had third-lowest tax to GDP ratio in the EU
Bulgaria had the third-lowest tax-to-GDP ratio in the European Union in 2018, at 29.9 percent, according to the EU’s statistics agency Eurostat. The statistics agency said that the overall tax-to-GDP ratio means the total amount of taxes and net social... Read More →
Bulgaria’s GDP Grew by 3.3%
The projections for Bulgaria‘s economic growth in 2019 and 2020 remain unchanged – 3.3% and 3.4% respectively. Inflation will be 2.4% this year and 1.7% in 2020, according to the European Commission’s economic forecast.