Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria’s government debt has increased to EUR 11.3 B in nominal terms at the end of December 2014 from EUR 7.2 B a year earlier, Finance Ministry data showed on Wednesday.
Government debt has also increased compared with November 2014, when it totalled EUR 9.6 B.
The month-on-month net increase of EUR 1.7 was due mainly to fresh foreign borrowing and the issuing of domestic government bonds, the Finance Ministry explained in its Covernment Debt Management bulletin for December.
In December last year Parliament granted the government’s request to take out a six-month bridge loan of EUR 1.5 B, to be used mainly to cover a deficit at the state-run Deposit Insurance Fund, which is in charge of repaying deposits at collapsed Corporate Commercial Bank, or KTB.
As of end-December 2014 domestic debt amounted to EUR 4.2 B and foreign debt totalled EUR 7.1 B. This compared with domestic debt of EUR 3.2 B and foreign debt of EUR 4.0 B at the end of 2013.
According to preliminary estimates, Bulgaria’s government debt-to-GDP ratio was 27.1% at the end of December last year, an increase compared with 23.1% a month earlier and 17.9% at end-December 2013.
Domestic debt-to-GDP ratio was 10.1% and foreign debt-to-GDP ratio was 17.0%.
Seventy percent of Bulgaria’s government debt was denominated in euro at the end of last year, 20% was denominated in levs and 8.4% in US dollars.
A year earlier the share of euro-denominated debt was 55.4%. Lev-denominated debt was 31.7% of the total and dollar-denominated debt was 11.7%.
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