Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria takes a new national debt

Photo: Archive

On September 19, the Bulgarian National Bank (BNB) announced a tender procedure for the taking of internal debt of 100 million euros. The bonds of the Ministry of Finance have a maturity of 10.5 years and an interest rate of 2.25 percent. For this purpose, an issue from January 2016, maturing on July 27, 2026, will be reopened, the BNB announced.

In April, Bulgaria's Ministry of Finance rejected already submitted orders for the assumption of a debt of 250 million euros with a maturity of one and a half years and an interest rate of 1.5%
Since the beginning of the year, Bulgaria has taken on internal debt to the tune of 900 million euros and 1.225 billion euros from the foreign market. 
According to the law on the state budget, in 2022 Bulgaria can take on a debt of over 5 billion euros. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..

published on 7/5/24 1:44 PM

BNB sets base interest rate at 3.63% as of July 1

The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..

published on 7/1/24 8:52 AM

EC: Bulgaria still not meeting eurozone criteria

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..

published on 6/26/24 1:51 PM