Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to BBB+ with a stable outlook, marking the highest level in the medium investment-grade tier. The primary factor driving the upgrade is the European Council’s formal decision approving Bulgaria’s entry into the eurozone from January…
The negative effect for Bulgaria from the possible introduction of a 25% duty on exports of goods from the EU to the US will amount to about $678 million. As a result, the country’s total exports will decrease by 0.49% on an annual basis compared to exports without customs restrictions. This was stated by the…
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria – evroto.bg. This tool is part of the country’s preparations for the transition to the euro, officially scheduled for January 1, 2026. The calculator operates using the confirmed fixed exchange rate of 1 euro…
Bulgarian exports to Romania saw a significant rise of nearly 19% in the first quarter of 2025, compared to the same period last year. Overall trade between the two countries grew by 7%, confirming Romania’s position as Bulgaria’s second largest trading partner within the European Union. The data was shared during a meeting between Economy…
The Bulgarian National Bank (BNB) is launching the minting of Bulgarian euro coins this week, marking the start of the final stage in the country’s transition to the euro. This follows the formal approval of Bulgaria’s eurozone accession by the Council of the EU and the European Parliament. BNB Governor Dimitar Radev confirmed the development…
Due to low water levels in the Danube River, the ferry to Oryahovo stopped traffic. The river level is currently -14, while the ferry can operate at a level of at least -10. The situation is not unprecedented – it happens every summer, but this year the water level dropped earlier than usual, the Oryahovo-Beket…
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU. Following the sharp rise in electricity prices caused by carbon emissions quotas under the “Green Deal”, the Commission now aims to extend the emissions trading system to include the transport and building sectors starting in…