Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Photo: Stella Ivanova
Bulgaria has taken on new debt amounting to 150 million euros through the issuance of government securities, according to results published on the Bulgarian National Bank (BNB) website.
The auction involved 10-year government bonds, which achieved a weighted average yield of 3.84%. Compared with similar German federal bonds, Bulgarian bonds carried a spread of 102 basis points, meaning their yield was 1.02% higher than Germany’s equivalent debt.
Demand for the securities exceeded supply, with total bids reaching 260.63 million euros, resulting in a coverage ratio of 1.74. This marks the third government securities auction of 2026, bringing the total funds raised through such debt instruments this year to 450 million euros.
Under the conditions set by the recent extension law, the government is allowed to assume new financial obligations only to refinance existing debt, ensuring that new borrowing is used strictly for debt management purposes rather than additional spending.
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
The Coordination Center for the Euro Adoption Mechanism held its regular briefing yesterday, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situatio
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