Eurozone crisis

The private sector's total outstanding loans received from abroad declined by $7 billion from the end of 2021 to stand at $162 billion as of July, the Central Bank data have shown.

Long-term loans fell by $7.1 billion over the same period to decline to $154.5 billion, whereas the private companies' short-term loans -excluding trade credits - rose by $85mn to $7.6 billion.

Bulgaria's interim government will likely seek financial help from the EU to cover the costs of floods that have hit the centre of the country

Goldman Sachs has revised upwards its growth forecast for the Turkish economy for 2022 after official data showed earlier this week that the economy expanded 7.6 percent in the second quarter.

The investment bank raised its forecast from a previous 3.5 percent to 5.5 percent.

Bulgaria's gross external debt at the end of June 2022 amounted to almost 41.5 billion euros (52.5 percent of the estimated Gross Domestic Product - GDP), which is over 1.6 billion euros (4.1 per hundred) more compared to the end of June 2021, reports the Bulgarian National Bank, quoted by BTA.

Eurozone annual inflation rose to 8.9% in July, from 8.6% in June

In July, a new absolute record of inflation was recorded in the Eurozone - 8.9% on an annual basis compared to 8.6% in June. This is stated in the published report of the European statistical agency Eurostat. Annual inflation in the Eurozone increased 3.5 times from 2.16% last year for July.

As noted by the agency, monthly inflation rose by 0.1% in July, after a rise of 0.8% in June.

Private sector's total outstanding loans received from abroad declined by $7.6 billion from end-2021 to $161.4 billion as of June, the Central Bank has said.

Fitch Ratings has affirmed Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB' with a Positive Outlook.

As the government measures its fiscal stance to announce new consumer-intervention measures, a week of revelations is coming starting tomorrow, both on the inflation front and on GDP. The financial staff expects to see the impact on the economy from the high levels of inflation in the economy and revenue.

The P.D.M.A. is waiting for a positive signal to take the new step for a new bond issue. That might be given by Standard and Poor's (S&P) today, Good Friday.