Podcast in English
Bulgarian National Radio © 2022 All Rights Reserved

CITUB: Debt is largely mandatory

Photo: library

The Bulgarian state has placed two 2.5 billion-euro loans on international markets with maturities of 10 and 30 years. The yield is 0.4% for 10-year bonds and 1.48% for 30-year bonds. This has been a record low interest rate ever received by the country, according to the position of the largest trade union in Bulgaria - CITUB.

According to us, this new debt is a serious request for state participation in the economy, especially in the conditions of an unprecedented economic crisis. According to CITUB, taking debt is not only timely, but also mandatory, because at the backdrop of declining GDP there was no one to take systematic risks except the state. This way processes such as mass bankruptcies and high unemployment would be avoided, the trade union added, BGNES reported
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Outgoing Premier Kiril Petkov

Outgoing Premier Kiril Petkov: Dialogue with the Bulgarian Socialist Party continues

Outgoing Premier Kiril Petkov held a meeting with the Parliamentary group of the Bulgarian Socialist Party (BSP). Kiril Petkov once again denied the allegation of making a one-man decision with regard to the expulsion of the Russian diplomats from..

published on 6/30/22 11:18 AM

The majority of Bulgarians support an alliance with NATO and the EU: Alpha Research survey

39% of Bulgarians say that Bulgaria should be in alliance with NATO and the European Union, data of a national survey conducted by Alpha Research show. The study is looking for an answer to the question of where respondents see Bulgaria if we live in..

published on 6/30/22 10:52 AM

Bulgaria reports 532 new Covid-19 cases in past day

532 new cases of Covid-19 have been confirmed in Bulgaria in the past 24 hours out of 4 ,244 tests performed, or 17 less as compared to the previous day, Single Coronavirus Information Portal data show. 56.4% of the new cases are among the..

published on 6/30/22 9:27 AM