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.
A protest has been organised on social media demanding the resignation of Education Minister Krasimir Valchev and the cancellation of the Ministry of Education and Science's plan to introduce a compulsory subject called "Religion and Virtue" in schools,..
The Sofia City Prosecutor's Office has brought former caretaker Interior Minister Ivan Demerdzhiev under investigation for mismanagement . The case concerns an annex to the contract for the creation of the new personal documents system, signed by..
A contract for the purchase of 35 electric multiple units (EMUs) has been signed at the Council of Ministers. This is the largest order placed by the Bulgarian state in the last 20 years and the largest investment in rolling stock, announced Transport..
During the night there will be rain in many parts. In Eastern Bulgaria and in the Northwest the rain will be temporarily intensive, and there will be..
European Council President Antonio Costa will be paying a three-day visit to Bulgaria 27-29 April. His schedule includes meetings with President Rumen..
After the end of Pope Francis’ funeral ceremony at the Vatican, which was attended by leaders from all over the world, Bulgarian PM Rosen Zhelyazkov..
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