Coronavirus in Bulgaria: a class in a secondary school in Ruse is under quarantine – Bulgaria

Finance Minister Kiril Ananiev reported “exceptional success” in the state foreign debt placed yesterday. This is Bulgaria’s first entry into foreign markets since 2016 and is necessary due to the coronavirus crisis. Due to the enormous interest of investors who have placed orders greater than 4 times the amount of the issue, it has been increased to 2,500 million euros with the intention of 2,000 million euros.

The shares are in two issues of 1,250 million euros each, one for 10 years and the other for 30 years.
“The end result is unique in the current economic history of Bulgaria. The profitability achieved can be compared to the profitability achieved by countries with higher credit ratings, including those in the euro zone,” Ananiev said.

The money will be used to pay off an already contracted debt, to finance the socio-economic measures already announced by the government due to the coronary crisis, the budget deficit, to increase the money in the fiscal reserve and for the economic recovery of the country, Ananiev said.

He announced that the next budget update was being considered at the end of the year.

Read the details here.

© Julia Lazarova