A new EUR 250 million government debt was assumed on 21 March, at average annual yields of 1.33%, the Bulgarian Ministry of Finance has announced.
Securities maturing on 24 May, 2029 were sold at the auction. Bonds with the same 7.5-year maturity were sold on 22 November 2021, at an interest of 0.49%. Now, investors want a 2.7 times higher performance to finance the government. The loan was taken out because of an urgent need of cash for paying an old Eurobond issue worth EUR 1.25 billion on 26 March. Raising the money needed literally several days earlier places investors in a better position to demand a higher return on their money.
The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be..
In 2025, Bulgarian tourism maintains sustainable growth despite global challenges. According to analysts, a record number of foreign visitors is expected in the coming months as a result of stable international markets and the..
The Bulgarian Investment Agency (BIA) and the Japan External Trade Organization (JETRO) are signing a memorandum of understanding that will give new impetus to the trade and economic relations between Bulgaria and Japan. The two countries are seeking..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain