Bulgaria to Launch 10-Year Government Bonds Worth 150 Million Euros
Bulgaria is set to issue a new batch of government bonds, with the Ministry of Finance confirming preliminary terms for an upcoming auction through the Bulgarian National Bank
Bulgaria’s Finance Minister Simeon Djankov ia pictured here in parliament. Photo by Sofia Photo Agency
Bulgaria is already preparing the sale of bonds on international markets to finance BGN 1.8 B of global bonds that mature in early 2013, the finance minister announced.
"The best way to repay the debt is a mix of the privatization of state-owned assets, issuing short-term state securities and mid-term euro bonds," Minister Simeon Djankov told the morning broadcast of the state BNT TV channel.
It was not immediately clear how much the bonds offered on international markets will be worth.
Djankov recently came under fire for proposing changes to the governance of the Silver (Retirement) Fund that would enable a more active management of the collected funds and the investment of up to 70% of it in government securities.
The Fund is part of the country's fiscal reserve.
"I will heed the critics and will propose that just 30% of the fund assets are put into state securities by the end of 2012," Djankov said on Thursday.
The first month following the introduction of the euro and the period of dual circulation with the lev has now ended, providing a clearer picture of how the transition is unfolding.
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
From February 1, 2026, Bulgaria officially completes its transition to the euro, which now serves as the country’s sole legal currency.
Bulgaria is facing rising living costs, with service prices still climbing, according to economists. Authorities have already flagged the most frequent violations of the Law on the Euro since the start of the year, largely in the form of unjustified incre
Bulgaria is moving forward with the transition to the euro, preparing to produce its first euro banknotes under the quota assigned by the European Central Bank.
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