Send to Kindle
BGNES
Bulgaria's debt increased by EUR 2.1238 B to EUR 13.7619 B in 2016, reported the Finance Ministry.
Compared to November 2016, state debt increased by EUR 557.8 M. Internal debt in December 2016 amounted to EUR 3,4895 B; external debt was EUR 10.2724 B.
In 2016, internal debt shrank by EUR 189.9 M, while external debt increased by EUR 2.3137 B.
The Finance Ministry specified that the main reason for the increase in external debt in 2016 is the successful emission of new Euro bonds in March 2016 for EUR 1.994 B.
At the end of the reporting period (December 31, 2016), the share of sub-sector Central Government of GDP increased to 29.4%, compared to 25.7% at the end of 2015, while the share of internal debt was 7.4% and that of external debt – 22.0%.
The Finance Ministry noted that the currency composition of the debt at the end of December was as follows: 79.9% in EUR, 19.4% in BGN, 0.2% in USD and 0.5% in other currencies.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
The leader of GERB, Boyko Borissov, has raised concerns over the depletion of Bulgaria's fiscal reserves in the final days of the regular government's administration
The newly appointed Acting Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, has reaffirmed the country's commitment to joining the Eurozone, the Organization for Economic Co-operation and Development (OECD), and achieving full-fledged Sche
Bulgaria is on the brink of shedding its label as the "poorest" country in the European Union, with recent data revealing a promising trajectory towards economic convergence
The Ministry of Finance in Bulgaria has revised its inflation predictions for the year 2024, slashing them by half compared to previous estimates
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
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
