Bulgaria's financial markets have seen highs and lows recently – often within days of each other. In late June the sovereign raised €1.5bn (US$2bn) in a eurobond issuance that attracted about €3.7bn in orders. At the same time runs on two big banks led to emergency negotiations with the European Commission to tap BGN3.3bn (US$2.2bn) in aid.
EMEA Finance contacted the ministry of finance to discuss these issues for a report in our forthcoming edition. Between that request and our call with finance minister Petar Chobanov on Friday July 25, prime minister Plamen Oresharski and his Socialist government resigned. The government had faced criticism following poor results in May's European elections. With a snap election already agreed for October, a caretaker government will now take over.
Here, ahead of our August-September edition's country report, we bring you our Q&A with minister Chobanov.
Country issues US$500mn of USAID-guaranteed debt.
Turkish bank gets €75mn loan to lend on to small businesses.
Qatari bank names operating officer as acting CEO.
Bahrain-based bank names new head of group compliance.
Governments, banks and companies are using the debt markets to finance their environmentally friendly work. Tim Burke reports on the efforts that will make 2014 a record year for green bonds.
A government initiative has helped renewable-energy projects to flourish in South Africa – and clean energy is taking a hold elsewhere on the continent too. Rod James reports.
Twitter for the latest updates