Atradius says credit outlook is bleak for Bulgaria’s shipping and transportation sector

Port of Varna, Bulgaria. Credit: iStock/valio84sl

Trade credit insurer Atradius has forecast a bleak credit outlook for the shipping and transport sector in Bulgaria, with several other sectors – including construction, services, steel and textiles –  assigned a poor outlook. The country review comes as the Bulgarian economy looks to recover from a 4.3% contraction in 2020, driven by the impact of Covid-19. Atradius said credit…

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