UniCredit Bank AG

Romania, through the Ministry of Finance, launched on April 7 this year's first issue of Eurobonds that attracted 3.5 billion euros on the international capital markets, which enjoyed a special interest from investors, according to a press release of the Ministry of Finance, sent on Thursday to AGERPRES.

We have gone out on the international markets and the interest in Romania has been almost 14 billion euros, of which we have chosen to borrow 3.3 billion euros, the Public Finance Minister Florin Citu said after the government meeting on Wednesday. He specified that the loan offered the possibility of financing expenditure from the budget without any problems.

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.

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.

By Nikos Chrysoloras and James Hertling

With the Greek government hinting it could be forced from the euro and the country?s official creditors growing increasingly frustrated with the government?s doublespeak and foot-dragging, analysts are starting to focus on what might happen if bailout talks fail.

By Marcus Bensasson & Paul Tugwell

Greek Prime Minister Alexis Tsipras, facing euro-area demands for a credible economic plan, is fending off allies at home who are spoiling for a fight.

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.

Bulgaria's Finance Minister Vladislav Goranov has insisted that the new borrowing of up to BGN 16 B is inevitable.

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 GERB and opposition party the Bulgarian Socialist Party (BSP) have locked horns over a proposal for new borrowing of EUR 8 B by 2017.