“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.
The 2024 summer season has meant more in every respect – more revenues, tourists, sunny days, even more than the record-high results of 2019, caretaker Minister of Tourism Evtim Miloshev said in an interview with bTV. But there are more problems as..
Writers and choreographers from Bulgaria, Venezuela, Lithuania, Turkiye and France will participate in the third edition of the international interdisciplinary festival Leap Off Page, which takes place from today until October 6 in Ruse, the..
“Step Out of the Bubble” is the motto of Sofia DocuMental—the first international festival for creative non-fiction film with a focus on human rights. The festival will officially open today in Sofia and will continue until October 6. The..
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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