|
|
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 >>
|
 |
Breathtaking My Bulgarian Property RUS7633
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 9000 EUR
|
|
|
 |
a cosy home near the Danube River - My Bulgarian Property - VT60
Brief: Houses for sale near Veliko Tarnovo
Area: 180 sq.m.
Price: 8750 EUR
|
|
|
 |
Danube Industrial Investments My Bulgarian Property UN1204
Brief: Land for sale in Ruse
Area: 8115 sq.m.
Price: 333000 EUR
|
|
|
 |
A place to be yours My Bulgarian Property RBP17
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 12000 EUR
|
|
|
 |
History and nature - My Bulgarian Property - RBP19
Brief: Houses for sale near Ruse
Area: 110 sq.m.
Price: 16500 EUR
|
|
|
 |
Welcome to Yantra River My Bulgarian Property RBP02
Brief: Houses for sale near Ruse
Area: 135 sq.m.
Price: 9600 EUR
|
|
|
 |
Another rural pearl for sale - Bulgarian Property - RUS1248
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 12900 EUR
|
|
|
 |
Bulgarian Property - A perfect combination of property and nature OFFER1101
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 23900 EUR
|
|
|
 |
Our little gift for you - Property in Bulgaria - RUS1247
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 19800 EUR
|
|
|
 |
Can you imagine - Invest in Bulgaria - RUS1249
Brief: Hotels for sale near Ruse
Area: 100 sq.m.
Price: 12600 EUR
|
|
|
 |
A place you hardly wait to possess - Bulgarian Properties - RUS1234
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 19400 EUR
|
|
|
 |
The house of the rising sun - House in Bulgaria - LOV1201
Brief: Houses for sale near Lovech
Area: 80 sq.m.
Price: 18700 EUR
|
|
|
 |
On your way to the Sea RUS1290
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 14000 EUR
|
|
|
 |
Close to nature, close to the big city RUS 1272
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 28000 EUR
|
|
More Properties in Bulgaria >>
|
|
|
 |
|
|
|
| PROPERTY SERVICES |
|
|
|
|
|
| MORE SERVICES |
|
|
|
