Bulgaria Takes on New Foreign Debt
Bulgaria has taken on new state debt amounting to 4 billion leva
According to data of the Bulgarian National Audit Office, 56 municipalities face financial difficulties due to large installments for the repayment of their debt, small revenues and weak control.
The amount of municipal debt has increased by 50% in 43 municipalities. There are 12 municipalities where debt has increased by 500%. These include Kameno, Karnobat, Suvorovo, Asenovgrad, Rodopi, Sopot and Dve mogili.
The National Audit Office noted that, with respect to most municipalities, the ratio between own revenues and debt installments is unbalanced.
Last year, the Finance Ministry approved legal changes in order to help municipalities achieve financial rehabilitation. Despite the fact that there is an option for interest-free credits to be granted by the state, not a single municipal financial rehabilitation plan has been approved so far.
According to the latest data from the Bulgarian National Bank (BNB), the number of individuals in Bulgaria holding bank deposits of over 1 million BGN continues to rise steadily—at an average rate of one new millionaire depositor per day.
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase