Bulgaria to Receive first LNG Shipment from US on June 1

Bulgaria to Receive first LNG Shipment from US on June 1

The international rating agency - Standard & Poor's (S & P) confirmed Bulgaria's long-term and short-term credit rating in foreign and local currency 'BBB- / A-3'. According to S & P's aggregate assessment, the country's fiscal and external positions remain strong and economic growth expectations are seen as favorable, despite the long-term structural constraints. The positive outlook for the rating reflects the significant likelihood that Bulgaria will join the Currency Mechanism II (MP II) over the next 12 months. The rating agency expects GDP to rise steadily at 3.3% in 2019, then slow down to 3% in 2022. Private consumption and government investment will have a major impact. Export growth is expected to recover, despite weaker external demand in 2019 due to slower economic activity in major European trading partners. According to S & P, the progress of the Action Plan for Accession to ERM II is estimated to be significant, with most of the commitments being undertaken or being implemented.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.