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.
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
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..
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