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

Weather forecast: Sun and wind on Saturday, temperatures plummet on Sunday

On Saturday minimum temperatures will range from 5° C. to 10° C., in parts of the lowlands and valleys 1-4° C., for Sofia around 4° C. The day will be sunny but also windy. Maximum temperatures 20-25° C., for Sofia around 20° C. In the evening the..

published on 11/1/24 6:15 PM

BNT celebrates 65th birthday with special programme

On 7 November, Bulgarian public service TV BNT is marking 65 years since it was founded, BNT has announced. “BNT is a symbol of trust, of high-value and sustainable tendencies. It is our public mission to preserve the Bulgarian identity with a..

published on 11/1/24 4:07 PM

Bulgarian Socialist Party urges prosecutor’s office to react promptly to reports of vote manipulation

  The numerous reports of vote manipulation, of rigging ballots, of adding votes, of vote-buying, of coercion and controlled voting which have been sweeping over the public domain following the election for parliament, call for an immediate answer by..

published on 11/1/24 3:24 PM