In October 2021, the annual inflation in Bulgaria reached 6%, while the monthly inflation reached 1.8 percent in comparison to September, according to the National Statistical Institute. In August the annual inflation was 3.7%.
At the same time, on the day after the election, the caretaker government offered to sell another 250m euros in new domestic debt in the form of government securities. For the first time this year, the Ministry of Finance is offering securities with a maturity of 3.5 years, after it became clear in recent months that 5 and 10.5-year securities were becoming more expensive. The new debt since the beginning of the year has reached 1.4 billion euros with a limit of 2.25 billion euros set in the state budget.
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the..
Partly Cloudy
Clear