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.
Bulgaria’s government does not intend to participate in the deal to sell assets of Czech energy company CEZ, Finance Minister ... more
Bulgaria’s main opposition Socialist Party (BSP) is demanding the dismissal of Interior Minister ... more
Bulgaria's parliament approved on March 22 highly controversial amendments to the Public Procurement Act that will allow contracts to repair the fence along its border with Turkey to be ... more