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.
On Tuesday, the lowest temperatures will range from 1°C to 6°C, for Sofia around 5°C. There will be frost in some valleys across eight regions in Eastern Bulgaria. After a chilly morning, the day will be sunny across the country. Maximum..
The President of the European Council, Antonio Costa, and Prime Minister Rosen Zhelyazkov visited Arsenal, Bulgaria's largest arms manufacturer, in Kazanlak. The management of the factory presented the technological capabilities of the plant, its main..
Payments under the Recovery and Resilience Plan (RRP) have doubled in recent months, Deputy Prime Minister Tomislav Donchev has announced. He added that he was optimistic about receiving the delayed tranches and the remaining funds under the RRP...
European Council President Antonio Costa will be paying a three-day visit to Bulgaria 27-29 April. His schedule includes meetings with President Rumen..
The political formation “Yes, Bulgaria” which is part of the opposition coalition “Democratic Bulgaria” is calling a national conference to elect a new..
A month after Bulgaria receives the green light to join the eurozone, all traders are obliged to have their prices in both Bulgarian..
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