The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan principal being paid with the last payment. Commissions worth a total of EUR 182,45 million were asdmitted. 81% of the bonds were purchased by banks, 9% by insurance companies, 8% by pensions and guarantee funds and 2% by other investors. This is the third auction for 2024, with the new debt budgetary threshold being EUR 5.9 billion. The sum the treasury actually needs will be EUR 4.86 if the deficit does not exceed the EUR 2.97 billion set down.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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