The geographical structure of Bulgaria’s external debt has changed significantly since 2002, the Bulgarian National Bank announced. In the past, most government bonds were owned by American pension funds. Now, 80% of the bonds are owned by European banks and pension funds. About 16% of the government bonds are bought by Bulgarian investors.
Over 80% of Bulgaria’s external debt is in Euros, 8% is in US dollars and the rest is in Bulgaria Leva and other currencies. Bulgaria enjoys significant interest among investors and pays interest rates typical of a rich country. Most new loans are borrowed to refinance old debts and net debt is not growing, which is one of the conditions for Eurozone membership, the Bulgarian National Bank further notes.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
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