Two Bulgarian Nationals Arrested in Montenegro for Attempted Murder
Two Bulgarian citizens were arrested in Podgorica, Montenegro, on suspicion of attempted murder
Bulgaria has taken on new foreign debt amounting to 3 billion euros and 1.5 billion US dollars, announced the Ministry of Finance. As reported by BNR, the triple tranche of Bulgarian bonds generated significant interest among investors, allowing the country to secure highly favorable terms.
For the first time in two decades, Bulgaria issued bonds denominated in US dollars, marking a debut for the country in this currency. The substantial interest and strategic timing contributed to the advantageous conditions achieved, according to the Ministry's statement. The dollar-denominated issue is for 1.5 billion dollars with a maturity of 12.5 years and a 5% interest coupon.
The other two tranches, denominated in euros, have different maturities: 8-year bonds with a volume of 1.75 billion euros and an interest coupon of 3.625%, and 20-year bonds with a volume of 1.25 billion euros and a 4.25% interest coupon.
This triple tranche is part of the Medium-Term Global Program for Issuing Foreign Debt and fits within the limits set by the state budget, which allows for a maximum of 11.7 billion leva in new debt for the year. Bulgaria has already issued government securities on the domestic market worth 1.7 billion leva. No further foreign market issuances are planned for the remainder of 2024.
The transaction aligns with the primary goals of debt management for 2024, specifically securing resources for refinancing existing debt, funding state budget deficits, and maintaining the fiscal reserve's liquidity, the Ministry of Finance stated.
At the end of the third quarter, Bulgaria’s treasury faced a deficit exceeding 2.8 billion leva
Stanislav Popdonchev, Deputy Chairman and Financial Director of the Bulgarian Chamber of Commerce, expressed concerns over Bulgaria's economic direction
Inflation is expected to rise moderately at the beginning of 2025, according to the Bulgarian National Bank (BNB)
Bulgaria could potentially adopt the euro on July 1, 2025, if all the necessary steps are taken within the required timeframe
According to recent Eurostat data, Bulgaria continues to hold the lowest average salary within the European Union.
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023