Bulgaria's long-term interest rate for assessing convergence among EU members dropped to 3.27% in January from 3.44% in December 2012, central bank data showed. The rate, which is a secondary market yield of government bonds with a remaining maturity close to ten years, declined by 2.02pps compared to January 2012. The highest value was registered in August 2009 after which the rate has followed a persistent downward trend, indicating falling perceived risk. The yield on the last 10.5-year T-bonds issue held on February 4 went further down to a new record low level of 3.26% from 3.43% in January and 5.35% in January 2012. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more