IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
There have been 5 390 road accidents in Bulgaria since the beginning of the year until September 29, with 334 deaths and nearly 7 000 injuries. Last week alone, there were 151 serious accidents in Bulgaria, killing nine people and injuring 201...
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..
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..
On Monday, there will still be showers in the eastern half of the country. It will stop raining by the evening. Clouds will break in the western part..
Travelling to Israel and staying in the country should be avoided, except in case of emergency, the Bulgarian Ministry of Foreign Affairs said...
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