Podcast in English
Text size
Bulgarian National Radio © 2024 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


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

Ivan Demerdzhiev

Former Minister of Interior Demerdzhiev: Rumen Radev's position on the fairness of the vote should not remain without consequences

In the elections on October 27 this year there were problems in both phases of the process - when the votes were submitted and when they were counted, former acting minister of interior Ivan Demerdzhiev told the BNR. According to him,..

published on 11/3/24 11:18 AM

249 RES projects will be financed under the National Recovery and Resilience Plan

A total of 249 projects for electricity generation from renewable sources and electricity storage, worth about 268.9 million euros will be financed under the National Recovery and Resilience Plan, the Ministry of Energy reported. The..

published on 11/3/24 10:05 AM
Biosphere park Central Balkan

International Day for Biosphere Reserves popularizes the idea of finding a balance between nature and humans

Today, 3 November, is International Day for Biosphere Reserves, declared by UNESCO’s Man and the Biosphere programme. On this occasion, as of the second half of October, the regional departments of the Ministry of Environment and Water launched a..

published on 11/3/24 8:05 AM