BULGARIA GRANTED BEST SOVEREIGN DMO IN CENTRAL AND EASTERN EUROPE 2016 GLOBAL MARKETS AWARD

Bulgaria was granted the Global Markets award for Best Sovereign DMO Central and Eastern Europe 2016, Bulgaria’s Ministry of Finance announced on 10^th of October.

The excellent timing of the double Euro bond tranche in March 2016 launched immediately after the quantitative easing measures announced by the ECB together with the unexpected decision of the Ministry of Finance to issue bonds without recourse to a pre-deal roadshow underlie this award.  The edition, which is specialised in financial markets, notes that the method selected points to the country's financial sophistication and all-round sense of national confidence.

In 2015 Bulgaria was granted the Most Impressive Borrower in Central and Eastern Europe award, thus reaffirming its positions of an issuer getting extremely good international market financing terms. What has been striking, too, is that our country is granted an award in one of the most important categories of this year's award ceremony.

The Bulgarian Ministry of Finance will continue pursuing a deficit and debt reduction policy, deputy finance minister Mrs. Marinela Petrova said.