Bulgaria may tap international debt markets in 2011 - report.

By bne IntelliNews June 16, 2010
Bulgaria is considering raising up to EUR 1bn on the international markets next year, Finance Minister Simeon Dyankov told Reuters in an interview. The government has the option to issue new foreign debt of up to EUR 1bn in 2010 if the fiscal situation deteriorates further due to problems elsewhere in Europe, but Dyankov told the news agency it was very unlikely to use it. Next year could be a more interesting year for us to raise debt, especially Eurobonds, Dyankov said. But they will be specific, for helping infrastructure projects, not for supporting the budget, he noted. Bulgaria will keep its low tax levels unchanged next year to steer growth and attract investors and will aim for a budget deficit of 2% of GDP, the official stated.

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