The government debt of the country has gone up by 22.5% or 2.72 billion euro in the space of one year.
The debt of the Central Government subsector by the end of February 2021 amounted to 14.8 billion euro, and now accounts for 23.2% of the country’s GDP compared to 18.6% last year, the Ministry of Finance has announced.
The increase in the government debt is due to the issue of bonds worth 2.5 billion euro on the international markets in September last year. At the end of February, 2021 the external government debt amounted to 11.76 billion euro, and internet debt – 3 billion euro.
The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said . He quoted a report by the Economic Research Institute at the Bulgarian Academy of..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Clear
Partly Cloudy