Europe’s Next Tech Powerhouse: How Bulgaria Can Lead the Charge
Tsvetelina Penkova, First Vice-Chair of the European Parliament’s Committee on Industry, Research, and Energy (ITRE), led a delegation of European Parliament members to Munich, Germany
Bulgaria’s government debt decreased to EUR 12.31 B in nominal terms last month, slightly down from EUR 12.25 B at end-April, Finance Ministry data showed on Wednesday.
External debt was EUR 7.92 B at the end of May, unchanged from April, while domestic debt increased to 4.39 B, up from EUR 4.33 B.
Debt-to-GDP ratio was 28.8% at end-May, little changed from 28.7% a month earlier. Domestic debt-to-GDP ratio was 10.3% and foreign debt-to-GDP ratio was 18.5% at the end of May.
Over 78% of Bulgaria’s government debt was denominated in euro, while lev-denominated debt was just below 21% of total debt at the end of May.
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
Finance Minister Temenuzhka Petkova has stated that Bulgaria is ready to join the eurozone
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at 'BBB' with a positive outlook
A recent large-scale online survey conducted by Tavex, involving thousands of participants engaged in gold and currency trading, has revealed that every second Bulgarian is against the country adopting the euro
The Bulgarian National Bank (BNB) predicts a significant decrease in the number of leva banknotes in circulation in the coming months
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