“The International Monetary Fund upped its growth forecast for the Bulgarian economy to 3 percent of the country’s GDP; to this moment expectations were of a 2.3 percent contraction,” said Reza Baqir, head of the regular IMF mission in Bulgaria at a meeting with Prime Minister Boyko Borissov.
Reza Baqir reiterated the good rating given bank assets as well as the stress tests of the commercial banks in Bulgaria by the IMF’s experts. In his words the results of this unprecedented procedure indicate that the Bulgarian financial system is stable and secure and the institutions regulating and monitoring banks are working to top international professional criteria. The principal economic risks the country faces are the demographic picture and the big economic and social imbalances between individual regions in Bulgaria, the IMF points out.
Hail storm caused huge damage in the regions of Plovdiv, Haskovo, Stara Zagora and Sliven. No people were injured but crops in many places were destroyed . The villages of Banya, Samuilovo, Zetiovo, Gita, Svoboda and Shivachevo..
13% of boys and 11% of 11-year-old girls in Bulgaria smoked at least one cigarette in the past 30 days of the survey, BGNES reported, referring to a UN report on the healthy behavior of school-age children. 17% of boys under 13 also..
Today Bulgaria is hosting a global event of the Organisation for Economic Co-operation and Development. The results of the organisation's global report on social-emotional skills among 15-year-old students around the world will be announced from..
MEPs are concerned about Russian interference in the upcoming elections on June 9, and the properties on the territory of Bulgaria currently owned by..
The Bulgarian Parliament has finally postponed the liberalisation of the energy market for one year, starting from 1 July. The decision was taken with..
Bulgaria will assist Ukraine in the process of rebuilding its energy infrastructure. This was announced after a meeting between Bulgaria’s Energy..
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