Bulgaria: Finance Ministry Ready with Budget Update
Bulgarian Finance Ministry is ready with a draft budget update, which will be submitted when a working parliament is formed.
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria's Finance Ministry reopened Tuesday for a second time in the 2013 issue year the 5-year BGN denominated bond, launched on 23.01.2013 with maturity 23.01.2018.
The orders for the auction held on 18 February 2013 amounted to BGN 77.23 M while the amount offered was BGN 45 million, the coverage coefficient being 1.72, the Finance Ministry says in a press release.
All GS primary dealers took part in the auction and traditionally for bonds with such maturity banks acquired 87.16% of the whole amount, followed by pension funds - around 12.22% and other investors.
The yield on the 5-year GS remains stable - 1.99%. The yield achieved is below the yield of bonds with similar characteristics of a number of EU Member States such as Hungary (5.61%), Slovenia (5.26%), Spain (3.86), Romania (3.73%), Croatia (3.73%), Italy (3.20), Latvia (2.10), etc.
Last week, the European Central Bank published data about the long term interest rate to assess the level of convergence of all EU Member States. The data show that in January 2013 the indicator for Bulgaria is 3.27%, which is close to the historically lowest figure of this indicator - 3.22% in November 2012.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022