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 a proposal by the Council of Ministers, the heads of the State Intelligence Agency and the State Agency Technical Operations will, from now on, be elected by the National Assembly, BNR’s Maria Fileva reports. This means the president’s powers..
Three new electric locomotives Siemens Smartron are entering service as of today, Transport Minister Grozdan Karadjov has announced. Two of them will be running along the Sofia-Burgas line, and one – along the Sofia-Russe line. The new..
Prime Minister Rosen Zhelyazkov, Minister of Agriculture Georgi Tahov and Commissioner for Agriculture and Food Christophe Hansen inaugurated the reconstructed main irrigation canal Trakiets near Konush village. The reconstruction increases..
The population of white storks in Bulgaria has increased by 33% in recent years, according to data from the 8th International White Stork Census , cited..
Bulgarians living abroad have shown unprecedented interest in the Ministry of Labour and Social Policy’s “I Choose Bulgaria” programme, deputy Minister for..
On Friday, the lowest temperatures will range between 5°C and 11°C, in Sofia 7°C. During the day, the cloud cover across the country will be..
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