The World Bank appreciates the progress of the Bulgarian National Bank, the representative of that international institution in Bulgaria Tony Thompson told the Bulgarian National Radio. In the past two years the Bulgarian authorities undertook serious measures aimed at finding the problems in the country’s financial sector. The World Bank does not expect that the changes would happen in one day only, because we are talking about a whole range of reforms. The financing provided by the World Bank to the Deposit Insurance Fund can be viewed as a confidence vote towards Bulgaria’s financial sector and the cabinet, Tony Thompson further pointed out. The World Bank decided to extend two loans to Bulgaria. The first loan will be directed to the Deposit Insurance Fund and the other one will finance the Energy Efficiency Programme. The loan provided to the Deposit Insurance Fund will be covered with a state guarantee to the tune of EUR 300 million. On Friday the National Assembly voted in favor of that move. However, Bulgaria continues to experience difficulties in the healthcare system, the regulatory framework and the judicial field, Tony Thompson pointed out. Bulgaria should make efforts to boost the qualification of its citizens. Thus, labor productivity would grow and the number of people benefitting from the public welfare will be higher. The World Bank believes that Bulgaria’s economy can grow with higher rates, if that country makes improvements in the judicial sphere, the administrative environment and the work of some key regulatory bodies in the power engineering and financial field. Bulgaria should also optimize the expenses in its healthcare system, Mr Tony Thompson further said.
The Bulgarian team won three gold medals and one silver medal at the Balkan Olympiad in Informatics held in Ohrid. The gold medallists were Daniel Koynov from the Nancho Popovich High School in Shumen, Boris Mihov from the Sofia High School of..
A State Aviation Operator crew is standing by to fly to Lebanon as soon as the phased evacuation of the Bulgarians there is given a green light. This was reported to caretaker PM Dimitar Glavchev on Monday morning at a Council of Ministers meeting..
The speculations of a rise in the price of sunflower oil in the coming months due to the poor harvest in the country will not come to pass, Vladimir Ivanov, chairman of the Commodity Exchange and Wholesale Markets State Commission said for the BNR...
Bulgaria has begun evacuating our fellow citizens who expressed a desire to leave Beirut following Israel's attacks on Lebanon. Some of the Bulgarians..
Some of the Bulgarians in Lebanon were evacuated on a government aircraft flight on Monday evening. The first group, consisting of 89 people, mostly..
''The second evacuation flight from Lebanon will be carried out today around noon, provided the circumstances are favorable'', caretaker Premier Dimitar..
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