Bulgaria has sold €2.3 billion in bonds on the foreign markets with repayment terms of 7.5 and 12.5 years, Minister of Finance Assen Vasilev has reported. "The emission was extremely successful. There was nearly 3 times more supply than we expected to find on the market. It is much cheaper than Hungary and Romania where the interest rate reaches 3.3%. The debt is planned in the budget and it will be used mainly for refinancing," Vassilev added. According to the state budget act, the country can take on a new debt of 3.8 billion euros for 2023. In January, the country raised 1.5 billion euros from foreign markets.
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..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according..
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