Bulgaria issued the ten-year interest-bearing and thirty-year interest-bearing government bonds in the right moment. Other countries did it earlier and will have to pay higher interest rates on their government bonds. Bulgaria has to pay 0.4% interest on its ten-year interest-bearing bonds and 1.4% interest on its thirty-year interest-bearing government bonds, which is under inflation levels. It means that we are to pay a negative interest rate on a thirty-year interest bearing bonds, or in other words, confidence in Bulgaria is high, Georgi Angelov, Senior Economist at the Open Society Institute commented for Bloomberg TV.
Government bond yield is comparable to bond yield in countries with higher credit rating than Bulgaria, this country’s Minister of Finance told BNR after Bulgaria issued the new external debt.
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
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