Send to Kindle
@novinite.com
Bulgaria has secured the second spot in the European Union for maintaining the lowest external debt relative to GDP, based on Eurostat data from the end of the third quarter of the previous year. The country's public debt stands at 21%, making it one of the most fiscally disciplined nations in the EU.
Estonia leads the pack with the lowest public debt, comprising 18.2% of its GDP. Following closely, Bulgaria's impressive fiscal responsibility places it ahead of Luxembourg, Sweden, and Denmark, with their respective debt percentages.
EU COUNTRIES WITH THE LOWEST DEBT AS OF Q3 2023
The data indicates a positive trend for the EU as a whole, with the share of public debt decreasing to 82.6% by the end of September, compared to 83% during the same period the previous year.
On the flip side, among the nations with higher debt percentages, Greece claims the top spot with a staggering 165.5% debt-to-GDP ratio. Italy, France, Spain, and Belgium follow suit, highlighting the financial challenges faced by these countries.
EU COUNTRIES WITH THE HIGHEST DEBT AS OF Q3 2023
This financial report underscores Bulgaria's economic stability and prudent fiscal policies, positioning the country favorably within the EU landscape.
The average pension in Bulgaria is projected to reach 541.20 euros (1,060 BGN) in 2026, according to the draft Law on the State Social Security Budget for the same year, recently approved by the government
Economist Dimitar Sabev, from the Institute for Economic Research at the Bulgarian Academy of Sciences, has assessed the draft budget and broader economic situation in Bulgaria
The Bulgarian government has finalized the minimum wage for 2026, setting it at 1,213 leva (620.20 euros) per month, effective January 1
On Friday, November 14, most of Bulgaria will enjoy sunny weather, though fog will persist in Northern regions, particularly in the Danube plain
Prime Minister Rosen Zhelyazkov admitted that he does not consider the draft state budget for 2026 to be a good one, yet described it as the only feasible option under the current geopolitical and domestic circumstances
The Sofia District Prosecutor’s Office has concluded that the dog named Maya, who was run over in Sofia’s Razsadnika neighborhood
Economist Dimitar Sabev, from the Institute for Economic Research at the Bulgarian Academy of Sciences, has assessed the draft budget and broader economic situation in Bulgaria
As Bulgaria prepares to join the eurozone, many people who have been collecting coins from daily change may be wondering what to do with their small change
Economist Georgi Ganev has warned that Bulgaria’s forthcoming budget is likely to leave the country poorer than it could be, emphasizing that the process lacks genuine dialogue
From January 1, 2026, Bulgaria will officially become part of the eurozone, and the Bulgarian National Bank (BNB) will join the Eurosystem's joint production pool for euro banknotes
The Bulgarian government under Prime Minister Rosen Zhelyazkov says the country is fully prepared for the switch from the lev to the euro on 1 January 2026, having finalised key legislative and operational steps.
Bulgarian banks are preparing for the New Year by ensuring that all ATMs will be stocked with euros starting January 1
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
