Bulgaria’s gross external debt down by €133m in September

Bulgaria’s gross external debt decreased by €133m MoM to €37.18bn (91.5% of 2013 GDPe*) at the end of September from 91.9% of 2013 GDPe at the end of August. Compared to end-2012, it decreased by €452m or 1.2% (from €37.6bn, 94.9% of GDP). The gross external debt of the government sector was up by €34m MoM to €3.07bn (7.6% of GDP). The gross external debt of the banking sector decreased by €56m MoM to €5.9bn (14.7% of GDP). The gross external debt of other sectors was up by €16.7m MoM to €12bn (29.6% of GDP), while foreign investments in the form of intercompany loans decreased by €59.8m MoM to €16bn (39.7% of GDP). *2013 GDP of €41.007bn (BNB estimate)