At the end of October, Bulgaria's gross external debt amounted to EUR 37.326 billion, or 65.8% of the country's GDP. The debt increased by EUR 2.148 billion or 6.1% as compared to the end of 2019, the Bulgarian National Bank announced. Intercompany lending rose by EUR 1.12 billion as compared to the end of 2019 to EUR 14.968 billion.
The debt of “General Government” sector amounted to EUR 7.47 billion. It increased by EUR 2.043 billion or 37.6% as compared to the end of 2019 which is due to the new government bonds issued on the international markets.
Banks’ External debt decreased by EUR 999.1 million compared to the end of 2019 and amounted to EUR 3.902 billion.
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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