Article Tools

Bulgaria: S&P Downgrade Criticized Sharply

Published: December 16, 2013; 05:31 · (Vindobona)

Bulgarian Minister of Economy Dragomir Stynev does not agree with S&P´s view on Bulgaria´s creditworthiness.

Bulgaria: S&P Downgrade Criticized Sharply / Picture: © Wikipedia / Imalipusram

In terms of fiscal discipline, Bulgaria performs well. At the moment, Bulgaria´s public debt level comes at 17.5%. Despite a severe economic crisis after 2008, Bulgaria did not call for external aid programs.

Also Bulgaria´s banking sector is relatively healthy. Although the country´s banking sector suffer from high non-performing loans, the banking industry is still well…

This article includes a total of 230 words.

or Log In

Fast News Search
Related News
Poland: Budget Deficit Expected to Fall (December 14, 2013)
Bulgaria: Prime Minister Stresses Positive Development (December 9, 2013)
Poland: Parliament Approves Nationalization of Pension Fund (December 9, 2013)
Romania Faces Upgrade (November 23, 2013)
Austrian Government Hid Enormous Fiscal Shortfall (November 8, 2013)
Read More
Bulgaria, S & P, Ratings, Unemployment, Labor Market, Fiscal Policy, Banking Industry, Public Debt, Budget Deficit, Regional Economic Policy, Lending, Consumption, Investments
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
Austria Appoints 15 New Ambassadors to Austrian Embassies Worldwide
See latest Vindobona Newsletter