On May 24, 2025, the international rating agency S&P Global Ratings confirmed Bulgaria’s long-term and short-term foreign and local currency credit ratings at ‘BBB/A-2,’ maintaining a positive outlook for the country. This is a strong indicator of macroeconomic stability and confidence from international markets – a factor that opens new investment opportunities in high-potential regions such as Ruse.

The Eurozone – A Key Factor for the Positive Outlook

According to S&P’s analysis, Bulgaria is on track to meet the criteria for joining the eurozone as early as the beginning of 2026. The average 12-month inflation rate as of April 2025 stands at 2.7%, which meets the price stability criterion. The official assessment of compliance is expected to be published in the convergence reports by the European Commission and the European Central Bank on June 4, 2025, with the final decision by the Eurogroup and the EU Council expected in July.

Joining the eurozone will enhance the effectiveness of monetary policy, reduce currency risk, and provide access to deeper and more liquid capital markets – benefiting both the national and regional economies.

Resilience Despite External Risks

“Despite the risks, Bulgaria’s economy has shown relative resilience, with foreign trade in services continuing to record surpluses exceeding 7% of GDP,” note the analysts from S&P Global Ratings.

The direct trade exposure to the USA is below 4%, meaning any potential US tariffs on the EU will affect Bulgaria mainly indirectly – through reduced demand from key trading partners such as Germany and Romania.

What Does This Mean for Ruse?

• Increased confidence in the local economy – The confirmed credit rating sends a strong signal to international investors.
• Better financing conditions – Eurozone membership will facilitate access to capital and loans at more favorable interest rates.
• Boost for export-oriented businesses – The continuing surplus in trade in services (including IT, outsourcing, transport, and logistics) is a clear sign of competitiveness and growth potential in the region.
• Attraction of new investments – With a clearly structured fiscal policy and access to European funds, Ruse is establishing itself as a strategic location for investments.

Bulgaria’s confirmed credit rating and the positive outlook provided by S&P are a strong macroeconomic signal supporting sustainable development. In the context of the upcoming eurozone accession and a stable foreign trade position, Ruse is well positioned to attract new investors, expand production, and strengthen its role as a logistics and industrial hub in Northern Bulgaria.

Source: Ministry of Finance

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