site.bta Bulgaria Granted Best Sovereign DMO in Central and Eastern Europe 2016 Global Markets Award

Bulgaria Granted Best Sovereign DMO in Central and Eastern Europe 2016 Global Markets Award

Washington/Sofia, October 10 (BTA) - Bulgaria was granted the Global Markets award for Best Sovereign DMO Central and Eastern Europe 2016, the Finance Ministry said on Monday.

The excellent timing of the double Euro bond tranche in March 2016 launched immediately after the quantitative easing measures announced by the European Central Bank (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.

The award was received by Deputy Finance Minister Marinela Petrova at a special ceremony held early Sunday morning (Bulgarian time) in Washington, D. C. "We are satisfied that the smart solutions in our work bring good results, which is observed internationally. The Bulgarian Ministry of Finance will continue pursuing a deficit and debt reduction policy. However, if there is a future need for our country to finance itself on the international markets, we will make efforts, and I am sure that we will be successful, to have this take place at an even better cost", said Petrova quoted by the Ministry. She was within the Bulgarian delegation headed by Minister of Finance Vladislav Goranov for the World Bank and International Monetary Fund annual meetings in Washington. In her speech at the ceremony, Petrova expressed her gratitude to her colleagues from the Ministry of Finance for their professional attitude in the course of the issues.

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.