Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Renowned geographer and writer, Georgi Bardarov, sheds light on Bulgaria's critical demographic challenges, emphasizing the far-reaching consequences of present actions on society in the next 15 years. In a report presented at Sofia University, Bardarov underscores Bulgaria's unique position as the only nation consistently ranked among the top three with the most severe negative natural population growth for over 30 years.
Bulgaria grapples with alarming statistics, holding the unfortunate records of the world's highest premature mortality rate and the EU's lowest average life expectancy, coupled with an aging population. Bardarov points to key factors contributing to this crisis: a declining birth rate, rapid population aging, increasing mortality rates, a shortage of active young individuals, and significant territorial population imbalances.
While acknowledging the natural decline in birth rates at this stage of global demographic transition, Bardarov highlights Bulgaria's distinct problem—a stark vertical demographic imbalance with an insufficient number of active young people, concentrating the population in older age groups.
To address this pressing issue, Bardarov proposes a comprehensive "demographic restart" program for Bulgaria, spanning healthcare, education, career development, incomes, infrastructure, security and justice, and immigration policy. The aim is to reverse negative population trends and foster a more balanced demographic landscape.
Former deputy prime minister and ex-economy minister Nikolai Vassilev emphasizes the urgency of prioritizing the population issue for both the nation and the government.
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Bus line 384, which previously operated between Druzhba-2 district and Sofia Airport, has been officially discontinued, announced the Center for Urban Mobility.
Lazarus Saturday is a Christian holiday dedicated to Lazarus of Bethany and his miraculous resurrection by Jesus Christ and celebrated on the Saturday before the feast of Palm Sunday and Holy Week
During the night, expect mostly clear skies with scattered high clouds, bringing generally calm weather with temperatures ranging between 5°C and 10°C, around 5°C in Sofia
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