A new EUR 250 million government debt was assumed on 21 March, at average annual yields of 1.33%, the Bulgarian Ministry of Finance has announced.
Securities maturing on 24 May, 2029 were sold at the auction. Bonds with the same 7.5-year maturity were sold on 22 November 2021, at an interest of 0.49%. Now, investors want a 2.7 times higher performance to finance the government. The loan was taken out because of an urgent need of cash for paying an old Eurobond issue worth EUR 1.25 billion on 26 March. Raising the money needed literally several days earlier places investors in a better position to demand a higher return on their money.
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
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..
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