Bulgaria: energy sector is poised for growth as eurozone entry spurs major funding boost

BulgariaLeave a comment

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…

Bulgaria: Fitch and S&P upgrade country’s credit rating on eurozone accession momentum

BulgariaLeave a comment

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…