The Bulgarian state has placed two 2.5 billion-euro loans on international markets with maturities of 10 and 30 years. The yield is 0.4% for 10-year bonds and 1.48% for 30-year bonds. This has been a record low interest rate ever received by the country, according to the position of the largest trade union in Bulgaria - CITUB.
According to us, this new debt is a serious request for state participation in the economy, especially in the conditions of an unprecedented economic crisis. According to CITUB, taking debt is not only timely, but also mandatory, because at the backdrop of declining GDP there was no one to take systematic risks except the state. This way processes such as mass bankruptcies and high unemployment would be avoided, the trade union added, BGNES reported
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The idea of the state acquiring the only oil refinery in Bulgaria – Lukoil Neftohim in Burgas – as proposed on 29 January by the Movement for Rights and..
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