On November 22, the Bulgarian National Bank held an auction for the sale of government bonds with a maturity of 7.5 years and a fixed annual interest rate of 0.25%. The state loan totals 255 million euros.
In 2021, the Ministry of Finance already took a debt of 1.7 billion euros with a set limit in the state budget of 2.3 billion euros. Emissions are only on the domestic market although there are no legal restrictions on entering foreign markets. The main buyers of debt are Bulgarian banks and pension funds. Borrowing new loans is explained by the expected budget deficit at the end of the year. Following the last budget update from the previous 46th parliament, the year should end with a 2.4 billion-euro deficit in the treasury.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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