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Bulgarian Socialists Summon Sufficient Support for Constitutional Appeal of New Debt of BGN 16 B
The Bulgarian Socialist Party (BSP), the Alternative for Bulgarian Revival (ABV) and independent MP Velizar Enchev have collected 48 signatures in favor of referring to the Constitutional Court the ratification of the contract for the issue of new debt worth up to BGN 16 B.
Bulgarian Socialist Party to Try to Appeal New Debt of BGN 16 B at Constitutional Court
The Bulgarian Socialist Party (BSP) has drafted an appeal to the Constitutional Court against the new debt of BGN 16 B.
A motion needs to be backed by at least 48 MPs to reach the Constitutional Court, with BSP having a total of 39 MPs, according to dnevnik.bg.
Bulgaria's Euro Bond Sale Deal Expected to Price Thursday
Bulgaria's projected deal to issue euro bonds is expected to price on 19 March, Reuters has reported.
The country "is taking indications of interest" from investors "for three potential euro bonds" with maturities of seven, twelve and twenty years, the newswire quoted an unnamed source as saying.
New Borrowing Is Inevitable without Govt Surplus - Chair of Parliamentary Budget Committee
Menda Stoyanova, Chair of the parliamentary budget committee, has suggested that there is no cause for concern over the medium-term bond program by 2017 worth BGN 16 B, stressing that it is a financing program using external debt.
Bulgaria's Ruling Party, Opposition Clash over New Debt of EUR 8 B by 2017
Bulgaria's ruling party GERB and opposition party the Bulgarian Socialist Party (BSP) have locked horns over a proposal for new borrowing of EUR 8 B by 2017.