11.07.2025
“Two credit rating agencies – Standard & Poor’s and Fitch – upgraded their credit rating. This is very good from the perspective of trust which is the message sent to international creditors and international investors and to all who monitor financial and political developments in Bulgaria.” This was said by Prime Minister Rossen Jeliazkov for media in Rome concerning Bulgaria’ long-term credit rating upgrade on the foreign currency to ‘BBB+’ with stable outlook.
The Prime Minister stressed that there exists a direct connection between the decision of the Council of the European Union to approve Bulgaria’s accession to the Eurozone on 1 January 2026 and the credit rating agencies’ upgrade. “Bulgaria’s economy is an open economy. This affords many opportunities. Therefore, these messages to investors are extremely important. They show that Bulgaria has a far better prospect for the development of the economy and for investment. This is valid both from the perspective of security and regulations,” Mr. Jeliazkov said further. The Prime Minister forewarned investors about certain risks. Political instability is the main risk, as it would fundamentally shake up investor confidence. “In the event of political instability, the message to investors is completely different. We have the required parliamentary majority and support to continue our ambitious performance,” Rossen Jeliazkov emphasized.
Regarding the statements of the Prime Minister of the Republic of North Macedonia Hristijan Mickoski, the Prime Minister said: “I will leave the narrative and expression of Prime Minister Mickoski to the authorities on Aesop. In principle, we maintain the view that the Republic of North Macedonia should adhere to the consensus reached in 2022 and meet the commitments it made. My homologue Mickoski must find a way to apologize. When a head of government flings such an insult to a member of a foreign government, this is detrimental to good neighborly relations. Further, this shakes fragile confidence,” Bulgaria’s Prime Minister said.
Regarding today’s failed vote of confidence, Prime Minister Rossen Jeliazkov noted that any government should treat seriously any such vote. “Understandably, this tool of parliamentary control sometimes is devaluated,” Mr. Jeliazkov said further.
The Prime Minister told reporters that his meeting with President Volodymyr Zelenskyy discussed Bulgaria’s role in the reconstruction of Ukraine. “Bulgaria occupies an important place in the Black Sea region – geographically and in terms of potential, especially in energy and transport connectivity. We must be able to join when a substantial part of the world business will focus on the reconstruction of Ukraine,” the Prime Minister said. Further, Rossen Jeliazkov said that the need for better coordination between the power grid operators was discussed in order to relieve the price pressure on Bulgarian business.
