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.
225,788 Bulgarians with pension for length of service and age continue to work in order to earn additional income. If people with other types of pensions are added to them, their total number exceeds 350,000 people or over 17.5..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
The Bulgarian Parliament, pointing out the key importance of the EU cohesion policy for the economic development of the regions in Bulgaria, insists that the Black Sea region receives equal recognition to the regions in the EU..
The Bulgarian Parliament, pointing out the key importance of the EU cohesion policy for the economic development of the regions in..
The Consular Service at the Embassy of Bulgaria in Tehran has temporarily suspended services to citizens. For this reason, the..
Bulgarian students won two gold and two silver medals at the International Olympiad in Informatics. The 37th edition of the Olympiad,..
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