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 most important task is to find a solution to the war in Europe through diplomacy and to establish lasting peace, said President Rumen Radev in the Estonian capital, Tallinn, where he took part in a meeting of the Arraiolos Group. President..
By the end of 2024, nearly 80,000 individuals were receiving pensions and supplements under EU regulations and international agreements, according to the National Social Security Institute. These are Bulgarians who have worked in EU countries and..
Archaeologist Nikolay Ovcharov on Thursday announced the discovery of a large circular temple at Perperikon, the early-historic rock complex in the Eastern Rhodopes, BTA reported. Dating to the 3rd–4th centuries AD , the structure is believed to..
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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