Wow Moment for Bulgaria! Nikola Tsolov Wins His First Formula 2 Race
Bulgarian racing talent Nikola Tsolov opened the 2026 Formula 2 season with a major achievement, taking victory in the main race at the Albert Park circuit in Melbourne
Bulgaria’s government debt totalled EUR 13.34 B in nominal terms at of end-April 2016, the Finance Ministry announced on Tuesday.
Compared with end-March 2016, total government debt was EUR 9.5 M lower at the end of April.
Compared with end-2015, however, total government debt was almost EUR 1.73 B higher in nominal terms at the end of April after the government issued a EUR 1.994 B dual-tranche bond on international capital markets on March 14.
The bond issue had increased the government’s foreign debt, which totalled EUR 9.85 B as of end-April, compared with 9.86 B a month earlier. Domestic debt totalled EUR 3.49 M at the end of April, unchanged from end-March but lower compared with EUR 3.72 B at the end of 2015.
Government debt-to-GDP ratio was 29.2% at the end of April, as per the updated spring macroeconomic forecast of the Finance Ministry of Finance for 2016. The ratio was a touch lower compared with 29.3% a month earlier but higher than 26.4% at the end of last year.
Eurobonds issued in international capital markets kept their largest share (56.9%) in the structure of Bulgaria's government debt by instrument, followed by domestic government securities (26.1%) and loans (17.0%), the Finance Ministry said in a monthly debt report.
Government debt payments for the first four months of 2016 totalled BGN 1.23 B (EUR 627 M), of which BGN 920 M principal payments and BGN 310 M interest.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
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.
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