Ministry of Finance

The ministry of finance arranged a payment of more than EUR 990 million to holders of five year Bulgarian Euro bonds, issued at an annual coupon of 4.25% on 9 July 2017.

The transaction included a tranche of 7-year bonds worth 1.144 billion euros at an interest coupon of 1.875% and a tranche of 12-year bonds worth EUR 850 million at a 3% interest coupon.

Benoit Coeure, member of the Executive Board of the European Central Bank, expressed the opinion on Wednesday morning in Frankfurt, that the decisions of the last Eurogroup did not sufficiently alleviate the concerns of the European Central Bank (ECB) on the viability of the Greek debt to include Greece in the quantitative easing program (QE).

Rapid consumption-based growth, lack of investment in education and innovation, unpredictable fiscal policies as well as low-skilled labour are some of the main risks facing Romania's economy, the Central Bank, BNR, warned on Friday in a report.

Moody’s Investors Service cut China’s sovereign credit rating for the first time in nearly three decades, citing expectations that the country’s financial strength will deteriorate in the coming years as debt keeps rising and the economy slows.

The Romanian centre-left government's plan to borrow heavily to finance tax cuts, wage hikes and pay off older public debts worry experts and international financial institutions.

The interim cabinet reported a budget surplus of BGN 1.6 bln in end-April 2017. This transpires in the detailed interim government work report of interim PM Ognyan Gerdzhikov, Focus News Agency reports.

According to the spring macroeconomic forecast of Bulgaria's Ministry of Finance, the country's economy is expected to see a 3% increase in 2017.

The budget surplus will, once again, exceed BGN 1B (approximately EUR 500M) at the end of March, the Ministry of Finance forecasts.

Moody’s Investors Service has upgraded the Serbian government's issuer rating from B1 to Ba3.

It also raised Serbia’s long-term foreign-currency and local-currency bond and deposit ceilings, the Ministry of Finance said in a statement quoted by the government.

German police discovered explosive items, which could have caused somebody serious harm, in a suspicious package delivered to Germany’s Federal Ministry of Finance, Wedesday. The police described the contents of the parcel, which was delivered to the ministry this morning, to contain “Blitzpallmisch”, which is used in the production of pyrotechnics.