Text size

Bulgaria takes a new national debt

published on 9/19/22 1:12 PM

Photo: Archive

On September 19, the Bulgarian National Bank (BNB) announced a tender procedure for the taking of internal debt of 100 million euros. The bonds of the Ministry of Finance have a maturity of 10.5 years and an interest rate of 2.25 percent. For this purpose, an issue from January 2016, maturing on July 27, 2026, will be reopened, the BNB announced.

In April, Bulgaria's Ministry of Finance rejected already submitted orders for the assumption of a debt of 250 million euros with a maturity of one and a half years and an interest rate of 1.5%

Since the beginning of the year, Bulgaria has taken on internal debt to the tune of 900 million euros and 1.225 billion euros from the foreign market.

According to the law on the state budget, in 2022 Bulgaria can take on a debt of over 5 billion euros.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy BNB Bulgarian National Bank debt internal debt Ministry of Finance

More from category

NSI: Bulgaria Records Second Consecutive Month of Deflation

According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..

published on 6/14/24 4:55 PM

Businesses expect the authorities to streamline the process of importing of foreign workers

The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..

updated on 6/14/24 12:03 PM

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM