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

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

Bulgaria's gross foreign debt fell by an annual 4.2% to 32.8 billion euro ($38.4 billion) at the end of May, the central bank said.The gross foreign debt was equivalent to 62.1% of the projected 2018 gross domestic product (GDP), down from 67.9% of GDP at the end of May 2017, the Bulgarian National Bank said in a statement on Friday.Month-on-month, Bulgaria's external debt decreased 0.2% at end-May.Details follow (in millions of euro):
Source: NSI($= 0.8547 euro)

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