“The International Monetary Fund upped its growth forecast for the Bulgarian economy to 3 percent of the country’s GDP; to this moment expectations were of a 2.3 percent contraction,” said Reza Baqir, head of the regular IMF mission in Bulgaria at a meeting with Prime Minister Boyko Borissov.
Reza Baqir reiterated the good rating given bank assets as well as the stress tests of the commercial banks in Bulgaria by the IMF’s experts. In his words the results of this unprecedented procedure indicate that the Bulgarian financial system is stable and secure and the institutions regulating and monitoring banks are working to top international professional criteria. The principal economic risks the country faces are the demographic picture and the big economic and social imbalances between individual regions in Bulgaria, the IMF points out.
Eight helicopters, not the initially planned six, will be used to provide emergency medical assistance by air in this country, Health Minister Silvi Kirilov told journalists. Seven of them will be financed with funds from the..
“We Continue the Change” (PP) will support votes of no confidence that do not distance us from Europe.” This is how the leader of PP, Assen Vassilev, answered a journalist's question about tomorrow's vote of no confidence in the..
In the first four months of the year, export of goods from Bulgaria to the European Union decreased by 4.2% compared to the same period last year and amounted to 8.6 million euros, BGNES reports, quoting data from the National..
The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost..
Full EU membership is neither the end of the story nor a solution to all problems. Realism and accurate self-assessment must guide important decisions,..
Tuition fees at state universities should not exceed 75% of the expenses for the training. This was what MPs decided with amendments to..
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