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Financial Risk Comparison

🇷🇴 Romania vs 🇧🇬 Bulgaria

SIGMA Engine Systemic Risk Analysis · 2026

🇷🇴
Romania
56.2
accumulation
Kairos 30.4d·CEE
🇧🇬
Bulgaria
46.6
stable
Kairos 30.0d·CEE
SIGMA Verdict

Bulgaria presents lower systemic risk at SIGMA 46.6 vs Romania at 56.2 — a 9.6-point spread. Romania's primary risk driver is Sovereign/Fiscal. The Kairos temporal window suggests Bulgaria has the more immediate risk horizon.

Risk Dimensions
🇷🇴 Romania
🇧🇬 Bulgaria
Sovereign/Fiscalsafer →
78
52
Banking Stresssafer →
60
50
Currency Risksafer →
55
30
Political Risksafer →
65
55
Contagion Risksafer →
55
48
🇷🇴 Romania
Biggest Risk
Sovereign/Fiscal
78/100
Strongest Shield
Currency Risk
55/100
🇧🇬 Bulgaria
Biggest Risk
Political Risk
55/100
Strongest Shield
Currency Risk
30/100
Frequently Asked
Is Romania safer than Bulgaria for institutional investors?
Based on SIGMA Engine v5.0 analysis, Bulgaria shows lower systemic risk at 46.6/100. However, risk profiles differ: Romania has strongest exposure in Sovereign/Fiscal while Bulgaria is most stressed in Political Risk.
What drives the SIGMA score difference between Romania and Bulgaria?
The 9.6-point SIGMA spread reflects divergent risk trajectories. Romania's elevated regime is driven by Sovereign/Fiscal pressure at 78/100.

Full RomaniaBulgaria analysis: entity-level SIGMA, contagion paths, Phantom scenarios.

Daily brief · Kairos window · Early warning signals

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