Bulgaria’s gross external debt down by €302.5m in April

Bulgaria’s gross external debt declined by €302.5m MoM to €37.16bn (89.9% of 2013 GDPe*) at the end of April 2013 from €37.46bn (90.7% of 2013 GDP) at the end of March. The gross external debt of the government sector was down by €43.8m to €3.16bn (7.6% of GDP). The gross external debt of the banking sector decreased by €242m MoM to €6.1bn (14.8% of GDP). The gross external debt of other sectors was down by €14.6m MoM to €12.13bn (29.4% of GDP) while foreign investments in the form of intercompany loans stayed virtually flat at €15.77bn (38.2% of GDP). *2013 GDP of €41 319 (BNB estimate)