|
|
JCR Increases Bulgaria's Investment Rating
|
Japan Credit Rating Agency increased Bulgaria's investment rating in foreign currency from BBB- to BBB with stable perspective.
In a special press release it was announced that Bulgaria maintains its progress on political, economic and budgetary reforms in pursuit of EU entry in 2007. The country has improved fiscal flexibility through budgetary discipline and significant reduction of public debts. Stability of currency and inflation underpinned by the currency board arrangement, the press release also reads, pointing out that there has been expanding production capacity through inflows of foreign direct investment.
As a negative factor was pointed out that transformation of industrial structure still at primary stage. High unemployment deterring further economic growth and increasing external debts centering on private sector.
Possible economic overheating remains a concern. Government debts decreased substantially centering on foreign debt. Large current account deficit remains a concern, but external liquidity is amply secured by a strong liquidity position.
Outcome of the election will put only limited impact on the ratings. With a parliamentary election scheduled for June 25, 2005, the government has been maintaining a prudent fiscal policy. JCR remains concerned about a possible economic overheating, but considers that the measures taken by the government will prove effective in curbing the strong domestic demand and gradually narrowing the trade deficit.
At the present stage, JCR sees Bulgaria's EU entry in 2007 as a strong possibility. A change of administration looks highly likely in the June election. However, the outcome of the election will have only a limited impact on the ratings since no major policy shift is likely under a next administration, given the cross-party commitment to the county's EU accession. JCR will consider a possible revision of the ratings primarily in consideration of the significant reduction of government debt and the progress being made toward EU accession in 2007. |
|
all news >>
|
 |
|
 |
Bulgarian Properties |
Cheap Properties in Bulgaria >>
|
 |
Top of the World - Bulgarian Property - (more than 31,000 sq.feet land with great potential) RUS1957
Brief: Land for sale near Ruse
Area: 3000 sq.m.
Price: 28900 EUR
|
|
|
 |
The Rural Queen Bulgaria Property RUS6731
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 21800 EUR
|
|
|
 |
The Green Dream - My Bulgarian Property RUS1585 - DISCOUNTED PRICE
Brief: Houses for sale near Veliko Tarnovo
Area: 70 sq.m.
Price: 9600 EUR
|
|
|
 |
Forest Hills and Healing Air Bulgarian Property RUS1692
Brief: Houses for sale near Ruse
Area: 110 sq.m.
Price: 19600 EUR
|
|
|
 |
More than you can imagine My Bulgarian Property RUS5031
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 3900 EUR
|
|
|
 |
The flower house My Bulgarian Property UN2103
Brief: Houses for sale near Ruse
Area: 70 sq.m.
Price: 11300 EUR
|
|
|
 |
RUS1526
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 10900 EUR
|
|
|
 |
House in a village called "THE PALCE OF GOD" - Land in Bulgaria - RUS1209
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 7900 EUR
|
|
|
 |
Ready to make profit?-RUS1586 -Development land for sale
Brief: Land for sale near Ruse
Area: 2045 sq.m.
Price: 14000 EUR
|
|
|
 |
Bulgarian Property - Live your dream near the BLACK SEA RUS1566
Brief: Houses for sale near Balchik
Area: 120 sq.m.
Price: 65000 EUR
|
|
|
 |
RUS1510
Brief: Houses for sale near Ruse
Area: 120 sq.m.
Price: 12400 EUR
|
|
|
 |
Be creative RUS1520
Brief: Houses for sale near Ruse
Area: 60 sq.m.
Price: 26000 EUR
|
|
|
 |
Be romantic RUS1295
Brief: 2-bedroom apartments for sale in Ruse
Area: 98 sq.m.
Price: 61000 EUR
|
|
|
 |
Welcome to Veliko Tarnovo - VT1201
Brief: Houses for sale near Veliko Tarnovo
Area: 160 sq.m.
Price: 14300 EUR
|
|
More Properties in Bulgaria >>
|
|
|
 |
|
|
|
| PROPERTY SERVICES |
|
|
|
|
|
| MORE SERVICES |
|
|
|
