Gross external debt, both private and public has been declining. At the end of May, the gross external debt was EUR 33.974 billion, which is an annual decline of 1% or EUR 330.2 million. This represents 59.9% of the country's projected GDP for this year, according to preliminary data from the Bulgarian National Bank. Compared to the end of last year, gross external debt is lower by 0.3% or 96.5 million euros, as it was 34.071 billion euros, but also 56.2% of GDP in 2019.
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price..
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