Bulgaria’s net foreign debt by the end of October reached nearly 13.410 billion euro, the Bulgarian National Bank reported. The sum is 888.2 million euro higher compared to the debt at the end of 2004. It represents 63.3 per cent of the country’s GDP. Bulgaria’s long-term obligations total 9.995 billion euro, while the short-term equal 3.415 billion euro, Sega newspaper reported.
The majority of national debts have increased. Trade banks owed 1.693 billion euro at the end of 2004. In October 2005 their debt reached 2.079 bullion euro. National debts on direct investment credits have increased with 793.5 million euro compared to the previous year. Between January and October 2005 Bulgaria received credits and deposits totaling 4.172 billion euro. Trade banks alone received credits for nearly 1.396 bullion euro, or 511.1 million euro more compared to the same period last year.