The global economy may be in store for a more severe recession than in 2009, the managing director of the International Monetary Fund, Bulgaria's Kristalina Georgieva, stated. According to forecasts of the IMF, recovery of the world economy is expected in 2021, but only if countries are able to control the spread of the coronavirus and limit economic damage. The main concern is the risk of a wave of bankruptcies and redundancies, which can undermine economic recovery and disrupt the fabric of our societies, Kristalina Georgieva said.
So far, 81 countries have asked the IMF for assistance over the COVID-19 crisis. Georgieva stressed that the organization is ready to provide all of its $ 1 trillion credit resources to countries affected by the virus pandemic.
The Bulgarian government today approved and submitted to the European Commission a request to amend the National Recovery and Resilience Plan. The renegotiation of the plan has been highlighted as a priority for the government of Rosen Zhelyazkov. The..
Representatives of three of the world's leading investment funds, which have a strong interest in setting up large data centres in the country, have reached out to and held meetings with Bulgarian authorities, GERB leader Boyko Borissov told..
The Ministry of the Interior announced in a briefing that it is taking all necessary measures to ensure a smooth flow of traffic during the upcoming Easter holidays . Maximum speed on highways to become 130 km/h Police teams will be stationed..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
Eighth-grader Kaloyan Geshev from the 125th Secondary School Boyan Penev in Sofia won his 4th world title in mental calculation thanks to his..
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