The geographical structure of Bulgaria’s external debt has changed significantly since 2002, the Bulgarian National Bank announced. In the past, most government bonds were owned by American pension funds. Now, 80% of the bonds are owned by European banks and pension funds. About 16% of the government bonds are bought by Bulgarian investors.
Over 80% of Bulgaria’s external debt is in Euros, 8% is in US dollars and the rest is in Bulgaria Leva and other currencies. Bulgaria enjoys significant interest among investors and pays interest rates typical of a rich country. Most new loans are borrowed to refinance old debts and net debt is not growing, which is one of the conditions for Eurozone membership, the Bulgarian National Bank further notes.
The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury. This day is almost always in the middle of May, economist Lachezar Bogdanov told BNR. According to..
47% of Bulgarians disagree with the statement that Bulgaria's entry into the euro area will boost the Bulgarian economy and raise their living standards. This is the result of a national survey conducted by the Market Links agency between 27 April and..
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
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