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 fifteenth edition of Sofia Paper Art Fest 2025, which will take place from June 3 to 15 in the National Palace of Culture, will be held under the motto “Spirit and Matter”, BTA informs. According to the organizers, the motto of the forum contains a..
On Tuesday minimum temperatures will range from 12° C. to 17° C., for Sofia 12° C. During the day the weather will be predominantly sunny. At around midday and in the afternoon cumulus and cumulonimbus clouds will form mostly over the mountains and..
The Ambassador of the Republic of North Macedonia to Bulgaria Agneza Rusi Popovska has sent a letter of gratitude to the director of the Pirogov Emergency hospital in Sofia Dr. Valentin Dimitrov, expressing gratitude for the rescue of the children and..
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria..
Pope Leo XIV appeared last night in the Vatican Gardens wearing an omophorion gifted to him by Bulgarian Prime Minister Rosen Zhelyazkov , the Catholic..
Nearly one in three children in Bulgaria lives in material deprivation, according to data from the National Statistical Institute for last year, reported..
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