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Bulgaria
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Bulgaria's gross foreign debt grows 8.5% y/y at end-Sept

Nov 27, 2020, 12:00:00 AMArticle by Aleksia Petrova
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SOFIA (Bulgaria), November 27 (SeeNews) - Bulgaria's gross foreign debt totalled 37.9 billion euro ($45.2 billion) at the end of September, up 8.5% on an annual comparison basis, the central bank said on Friday.

Bulgaria's gross foreign debt grows 8.5% y/y at end-Sept
Photo by Dennis Jarvis.

The gross foreign debt at the end of September was equivalent to 66.8% of the gross domestic product (GDP) projected for 2020, the Bulgarian National Bank said in a statement.

At the end of September, Bulgaria's external debt was 7.7% higher compared to the end of 2019.

Details follow:

  mln euro pct of 2020 GDP pct change y/y
Government 7,519.5 13.2  38.4
Central bank 0.0 0.0 0.0
Commercial banks 4,535.2 8.0 -1.8
Other sectors 10,805.7 19.0 -1.7
Direct investment: intercompany lending 15,042.5 26.5 8.3
Total  37,903.0 66.8 8.5

source: BNB

($ = 0.839057 euro)

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