Fitch Ratings has upgraded the long-term credit rating of the Bulgarian Development Bank (BDB) from BBB to BBB+, assigning it a stable outlook. The new rating aligns with Bulgaria’s sovereign rating, reflecting the agency’s confidence in the country’s fiscal stability following its decision to adopt the euro. The move signals strengthened trust in both the…
Bulgaria’s annual inflation rate climbed to 4.4% in June, marking its highest point since December 2023. This is up from 3.7% recorded in May, according to fresh data from the National Statistical Institute (NSI). On a monthly basis, inflation rose by 0.4%, reversing the previous months’ more modest or declining trends. The average annual inflation…
The Ministry of Finance fully and timely funded social payments in the first half of 2025. A total of UAH 191.5 billion from the state budget was allocated for social payments administered by the Ministry of Social Policy. Specifically: – UAH 113.5 billion – for financing pensions, supplements, and pension increases under the Pension Fund’s…
Following the fourth Ukraine Recovery Conference held in Rome, over 200 agreements and memoranda were signed, totalling more than EUR 13 billion, Prime Minister Denys Shmyhal announced during a Cabinet meeting on July 14. “URC2025 demonstrated the unwavering unity and solidarity of the international community. Ukraine’s recovery is seen as a global project, the success…
A new trend is emerging in Sofia’s real estate scene – property sales are outpacing rentals, reversing a pattern that has dominated the past decade. The observation comes from the National Real Estate Association (NRA), which brings together over 2,500 professionals committed to ethical and responsible practice. While this reversal is noteworthy, experts anticipate a…
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions were prepared to provide funding eight times greater than what was required for the construction of the Vertical Gas Corridor infrastructure. He attributed this favorable development to the positive momentum following Brussels’ announcement confirming Bulgaria’s eurozone entry starting from January…
During the Ukraine Recovery Conference (URC), five agreements were signed to foster cooperation in the defence industry. An agreement on cooperation was signed between the Ministry of Strategic Industries of Ukraine and the Italian Ministry of Defence. This joint commitment aims to promote collaboration between Ukrainian and Italian defence companies, addressing needs for components and…