Gross external debt, both private and public has been declining. At the end of May, the gross external debt was EUR 33.974 billion, which is an annual decline of 1% or EUR 330.2 million. This represents 59.9% of the country's projected GDP for this year, according to preliminary data from the Bulgarian National Bank. Compared to the end of last year, gross external debt is lower by 0.3% or 96.5 million euros, as it was 34.071 billion euros, but also 56.2% of GDP in 2019.
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
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