100 million euros worth of internal debt in government bonds is being offered to investors. This is the first debt issuance since the spring of 2021, and in the term of office of caretaker Minister of Finance Assen Vassilev. The bonds are with a zero interest rate, but they are being purchased by investors - mostly by banks and funds because they are a reliable instrument which is better than the negative interest rates of financial institutions.
In 2021 Bulgaria issued 400 million euro’s worth of debt on the domestic market. The debt maximum in the state budget for the year is 2.3 billion euro, but experts say that it is hardly likely that this threshold will be reached by the end of the year.
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
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..
Partly Cloudy
Mostly Cloudy
Clear