50 Years Ago: China Launches Bulgarian Language Radio Broadcasts
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
The US dollar is under strong sales pressure after the Bloomberg agency said the Chinese authorities would reduce or even stop buying US Treasuries, said the BNR.
Bloomberg quoted unnamed sources close to the topic that official Chinese authorities overseeing the country's foreign exchange reserves have recommended a delay or even a suspension of US Treasury purchases. In their view, US government bonds have become less attractive than other financial assets. China's existing trade strain with the US may also be a reason for slowing or stopping US debt purchases, they say.
Though unsubstantiated, the news provokes aggressive dollar sales on foreign exchange markets, although at the same time yields of 10-year US bonds jumped to a ten-month high of 2.588 percent, the National Radio adds.
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Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
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Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
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