Inside Bulgaria's Easter Celebrations: Traditions Passed Through Generations
Today marks the joyous celebration of Easter, one of the most significant holidays in the Orthodox Christian calendar.
Bulgaria's Gross External Debt stood at approximately EUR 42,410 million by the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB).
Short-term liabilities, constituting about 16.9% of the gross debt and 7.5% of GDP, saw a notable decline of EUR 1,633 million compared to October 2022. Meanwhile, long-term liabilities accounted for 83.1% of the gross debt, with an increase of EUR 7.1 million from the previous year.
The General Government's gross external debt climbed to EUR 8,941 million, marking a 7.1% increase from the previous year, equivalent to 9.4% of GDP. Additionally, the central bank's external liabilities decreased by 3.6%, reaching EUR 2,072 million or 2.2% of GDP.
Other monetary financial institutions reported external liabilities of nearly EUR 5,631 million, showing an 11% decrease from a year ago. External liabilities of other sectors also declined by 12%, totaling EUR 11,411 million.
Intercompany lending represented the largest share, accounting for 33.8% of the external debt, slightly higher than the previous year's 32.4%. It amounted to EUR 14,355 million, marking a minor decrease of 0.8% from the prior year.
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