Economy of Bulgaria

Bulgaria's Gross Foreign Debt falls 4.2% y/y in May

SOFIA (Bulgaria), July 30 (SeeNews) - Bulgaria's gross foreign debt fell by an annual 4.2% to 32.8 billion euro ($38.4 billion) at the end of May, the central bank said.

The gross foreign debt was equivalent to 62.1% of the projected 2018 gross domestic product (GDP), down from 67.9% of GDP at the end of May 2017, the Bulgarian National Bank said in a statement on Friday.

The State has Allocated nearly BGN 104 Million to BDZ

The Bulgarian government has given a loan of nearly BGN 104 million to BDZ, which the holding will use to repay its obligations under its second bond loan concluded in 2007 to cover old liabilities and carry out ongoing repairs of freight wagons.

Allocated funds are sufficient to cover the remainder of the loan due for this loan, the total value of which is BGN 240 million.

The Center of Sofia will be Closed for Extensive Renovation from Monday

On Monday July 2 will begin the renovations in the center of Sofia between Alexander Nevski squares, National Assembly, Tsar Osvoboditel boulevards and Vasil Levski, Crystal garden and Moskovska Street. The repairs will end next year.

The square surrounding the cathedral will be a completely pedestrian area.

Vandals Attacked a Train with Stones, a Young Man was Injured

A man suffered from a stone thrown at a train, announced BDZ. On Sunday evening around 21:50, the fast train from Blagoevgrad to Sofia was attacked with stones by unknown people in the area between Gorna Bania Station and Zaharna Fabrika.

As a result of the vandalism, a young man who had traveled on the train was injured.

Train from Plovdiv Caught on Fire on the Move

Another incident with a train happened yesterday with in Bulgaria. The Plovdiv-Panagyurishte train caught on fire while on the move. The incident occurred on the early Sunday afternoon in the area of ​​Tsar Asen village, passengers reported to Darik radio. In panic, people jumped from the composition and started to walk on the rails. There is no evidence of injuries.

The Biggest Investors in Bulgaria are from the EU

The biggest foreign investors in the Bulgarian economy are from the European Union, according to a statement made by the Minister of Economy Emil Karanikolov.
Foreign direct investment in the country for the period January - March 2018 amounted to EUR 179.1 million. For the same period in 2017 these foreign investments in the country amounted to EUR 950.1 million.