Euro

Bulgaria Among EU Countries with Lowest Government Debt as Eurostat Reports Deficit Rise Across the Bloc

In 2023, Bulgaria maintained one of the lowest government debt-to-GDP ratios in the EU at 22.9%, as overall government deficits in the euro area and EU slightly increased. Government deficits rose to 3.6% of GDP in the euro area and 3.5% in the EU, while government debt levels fell across the region.

Periods of High Inflation in Bulgaria Are Over, Says Statistical Chief

According to Assoc. Dr. Atanas Atanasov, chairman of the National Statistical Institute (NSI), periods of high inflation in Bulgaria are now a thing of the past. In an interview with BTA, he emphasized that the country is experiencing a clear trend of declining inflation rates, which are currently lower than the Eurozone average.

Fitch Confirms Bulgaria’s BBB Rating, Boosting Eurozone Hopes

Fitch Ratings has confirmed Bulgaria's long-term credit rating at BBB with a positive outlook. The agency highlighted that the rating is bolstered by the country's robust external and fiscal position when compared to similarly rated nations, as well as the stable political framework provided by EU membership and the enduring currency board regime.

Pages