FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
Bulgaria’s gross foreign debt decreased by 1.59 B, or 4% at the end of May compared to the end of 2014, reaching EUR 38.18 B, or 88.9% of the projected 2015 Gross Domestic Product, official data showed on Tuesday.
On a year-on-year basis gross foreign debt increased by EUR 975 M, or 2.6% compared with May 2014, according to preliminary data released by the Bulgarian National Bank (BNB).
Long-term liabilities totalled EUR 30.54 B, or 80% of the total foreign debt at the end of May, increasing by EUR 840 M, or 2.8% from the end of last year. Compared with May 2014, Bulgaria’s long-term foreign debt increased by EUR 2.55 B, or 9.1%.
Short-term liabilities were EUR 7.64 B, declining by EUR 2.43 B, or 24.1% from end-2014. On a year-on-year basis, short-term external debt decreased by EUR 1.57 B.
The general government’s gross foreign debt totalled EUR 6.32 B, or 14.7% of GDP at the end of May, increasing by EUR 291 M, or 4.8% from end-2014 and growing by EUR 2.92 B, or 86% compared with May 2014.
Bulgaria’s net external debt totalled EUR 11.89 B at the end of May, down by EUR 2.28 B, or 16.1% compared to end-2014 due to both the decline in gross external debt and an increase in gross external assets by EUR 690 M.
The net external debt was equivalent to 27.7% of the estimated 2015 GDP, decreasing by 6.1 percentage points from the end of last year. Compared with May 2104, the net external debt declined by EUR 2.82 B, or 19.2%.
The net debt is equal to gross external debt less gross external assets in debt instruments. Gross external assets include the BNB reserve assets, banks’ assets abroad and non-financial sector deposits abroad.
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