Bulgaria’s gross external debt drops to 89.9% of GDP at end-April

By bne IntelliNews June 25, 2013

Bulgaria’s gross external debt decreased by EUR 302.5mn (0.8% monthly drop) to EUR 37.1bn in April 2013, preliminary central bank data showed. Total debt has shrunk 1.1% compared to its level from end-2012. In annual terms, Bulgaria's total foreign debt inched up 1.4% to 89.9% of GDP at end-April, down from revised 92.4% in the same period of last year

Total long-term external debt inched up 1.1% y/y, making up 65.6% of total gross external debt. The short-term debt rose by 2.1% y/y and accounted for 24.3% of the total.

The banks’ external indebtedness increased 8.3% compared to a year earlier but shrank by 5.4% compared to end-2012 as short-term debt fell by 7.2% and the long-term liabilities inched down 0.2%. Public external debt has decreased by 6.5% since the start of the year and stood at 7.6% of  GDP as of end-April. The external debt of the non-banking companies declined by 0.3% y/y and 0.1% ytd at end-April.

Related Articles

Former Bulgarian energy minister charged in abuse of office case

The anti-corruption unit of Bulgaria’s prosecution service has formally indicted former energy minister Rumen Ovcharov in an abuse of office case ... more

South Africa’s NEPI acquires shopping malls in Hungary, Bulgaria for €528mn

South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more

CEZ’s attempts to sell Bulgarian assets reportedly suspended

The sale procedure initiated by CEZ for its assets in Bulgaria has been suspended, Bulgaria’s Energy Minister Temenujka Petkova said ... more

Dismiss