The day in 3 news: Bulgaria’s GDP rises 4.6% y-y in the third quarter; Polluted air due to home heating; 5 bln euro in T-bonds for 2022

The day in 3 news: Bulgaria’s GDP rises 4.6% y-y in the third quarter; Polluted air due to home heating; 5 bln euro in T-bonds for 2022

© Надежда Чипева


The structure of the future cabinet and its ministers have already been leaked in different sources. According to a coalition agreement, sent to some media, the formula in the next government will be 10-4-4-3. This means that the election winner "We Continue the Change" will take 10 posts, the Socialist Party and "There is such a people" will have 4 and Democratic Bulgaria - 3. The names of future ministers are expected to be announced officially tomorrow.

NSI: Bulgaria's GDP rises 4.6% y-y in July-September

Bulgaria's GDP grew by 4.6% in the third quarter compared to the same period in 2020. This follows the record 9.9% y-y increase in the second quarter of 2021, according to the National Statistical Institute (NSI)'s preliminary data. Compared to the previous quarter, GDP went up 0.6%, the NSI said.

"Regarding the expenditure components of GDP, a contributor to the registered positive economic growth is the final consumption with the growth of 6.8%", notes the report.

Bulgaria is among countries with the most polluted air in Europe

Bulgaria is one of the countries in Europe with the highest levels of burning solid fuels - for domestic heating purposes - and also one of the highest levels of air pollution. Other eastern-European countries like Bosnia, Turkey, Poland have the same problem, says a report by the European Environment Agency (EEA), quoted by Reuters.

According to EEA, the majority of people in European cities live among health-damaging levels of air pollution, despite improvements over the last two decades and a lockdown-induced decrease last year.

Another 5 bln euro in government T-bonds for next year

Since the beginning of the year, the total amount of issued government securities has reached 3.3 billion levs. The finance ministry now says it plans to place another 10 billion levs (5 bln euros) worth of government securities in 2022 which are set in the budget draft. The money will be used for refinancing old debt and the budget deficit from social spending.

The structure of the future cabinet and its ministers have already been leaked in different sources. According to a coalition agreement, sent to some media, the formula in the next government will be 10-4-4-3. This means that the election winner "We Continue the Change" will take 10 posts, the Socialist Party and "There is such a people" will have 4 and Democratic Bulgaria - 3. The names of future ministers are expected to be announced officially tomorrow.

By using this site you agree to the use of cookies to improve the experience, customize content and ads, and analyze traffic. See our cookie policy and privacy policy. OK