Bulgaria’s gross external debt increases €169m MoM to €38.8bn as of end-November

Bulgaria’s gross external debt increased by €168.5m MoM to €38.8bn at the end of November (96.4% of 2014 GDPe*) and up from €36.9bn (90% of GDP) at the end of 2013. The gross external debt of the government sector increased by €140.6m MoM to €5.1bn (12.6% of 2014 GDPe). The gross external debt of the banking sector was down by €538m MoM to €5.2bn (12.8% of GDP). The gross external debt of other sectors increased by €379m MoM to €12.4bn (30.8% of GDP), while foreign investments in the form of intercompany loans increased by €187m MoM to €16.2bn (40.3% of GDP). *2014E GDP of €40.25bn