photo: Ramunas Geciauskas

According to The Lithuania Tribune Lithuanian foreign debt increased in the last quarter of the year 2011 by 1.4% (1.1 bln litas). Total foreign debt consists of both governmental debt and private enterprises’ debts. Throughout whole year 2011 foreign debt of Lithuania increased by 3.1% and reached 85.7 bln litas. Ratio of debt to GDP in 2011 decreased from 87.4% (in 2010) to 80.8%. The biggest part of the foreign debt is constituted by government’s…

photo: veni markovski

On March 9, 2012 Simeon Djankov, Bulgarian Minister of Finance and Deputy Prime Minister announced that Bulgaria will repay its foreign debt using three sources of income. According to Sofia News Agency novinite.com these sources include “privatization of unnecessary State assets, short-term government securities, and mid-term 5 or 7-year Euro bonds in equal shares“. The proposal caused concerns expressed by Martin Dimitrov, member of the right-wing Blue Coalition. More about government’s proposal here.