Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria Should Follow in Estonia's Footsteps after Moody's Upgrade
Date: 24/07/2011
Bulgaria Should Follow in Estonia's Footsteps after Moody's Upgrade

Moody's recent upgrade of Bulgaria's debt is the first step towards distinguishing it clearly from the troubled countries in the region, a local expert argues.

"This is the beginning of a process of differentiation, which - if brought to an end through sound economic policies - can restore investors' confidence in Bulgaria despite the problems of the other countries in the region," Georgi Angelov, Senior Economist with the Open Society Institute – Sofia, has commented.

"In 2009 Estonia was able to steer clear of the problems of the Baltic countries and achieved a rapid recovery of investments and economic growth. Now Bulgaria has a chance to achieve such development," Angelov says.

However, this will require stepping up efforts to cope with the budget deficit as quickly as possible and adopt a reformist economic policy, he adds.

Moody's Investors Service upgraded on Friday Bulgaria's government debt ratings to Baa2 with a stable outlook from Baa3 in a long-anticipated review.

The agency said the improvement reflects Bulgaria's ongoing fiscal discipline and improving institutional strength as well as the financial system's relative resilience in a volatile regional environment.

Now Bulgaria has the highest rating of all the Balkan countries, higher than Greece, Romania, Macedonia, Turkey, Serbia, Montenegro, Albania, Bosnia. Only Slovenia, a member of the euro area has a higher rating. Moreover, Bulgaria's rating is even higher than that of the troubled euro area member states - Portugal, Greece, Ireland, Latvia, Hungary - which was not so only a few months ago.

Topic: Financial

Featured District
Invest Bulgaria Charts
Private Sector External Debt of Bulgaria
Private Sector External Debt of Bulgaria

Gross Value Added of Bulgaria - Annual Growth Rate
Gross Value Added of Bulgaria - Annual Growth Rate

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

Kotel is situated in a valley in east Balkan Mountains. The town is called the cradle of the Renaissance in Bulgaria for it is the birthplace of many famous Bulgarians, proved historic figures from the national revival period.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members