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.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
Partly Cloudy
Clear
Mostly Cloudy