Bulgaria Ranks 40th in Global Tourism Destination Index
Bulgaria has secured the 40th spot in the global ranking of tourist destinations
Bulgaria's gross external debt exceeded EUR 38.6 B at the end of February, representing 90.6 % of the country's GDP.
This was a decrease of more than EUR 1 B or 2.8 % compared to the end of 2014, the Bulgarian National Bank (BNB) informs.
The gross external debt at the end of February increased with more than EUR 1.6 B or 4.5 % compared to the same month in 2014.
Long-term liabilities exceeded EUR 28.8 B, which was a drop of EUR 980.8 M compared to the end of 2014 and an increase of more than EUR 1.2 B on an year-on-year basis.
Short-term liabilities amounted to more than EUR 9.8 B, declining with EUR 204.3 M compared to the end of 2014 and increasing by EUR 443.7 M on an year-on-year basis.
The general government's gross external debt was in excess of EUR 5.5 B at the end of February, decreasing by EUR 450.2 M compared to the end of 2014 and increasing by more than EUR 2 B on an year-on-year basis.
The external debt of banks amounted to more than EUR 5.4 B, decreasing by EUR 106.3 M compared to the end of 2014 and dropping by EUR 356.6 M on an year-on-year basis.
The external debt of other sectors exceeded EUR 11 B, which is a decrease of EUR 111.1 M compared to the end of 2014 and a drop by EUR 331.2 M on an year-on-year basis.
The stock of intercompany lending was in excess of EUR 15.7 B, which is a decrease of EUR 427.6 M compared to the end of 2014 and a growth of EUR 223.8 M on an year-on-year basis.
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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
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