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 new Minister of Foreign Affairs of Bulgaria, Georg Georgiev, has held his first telephone conversation with the High Representative of the European Union for Foreign Affairs and Security Policy Kaja Kallas. Georgiev pointed out..
The majority of Austrian companies that have invested in Bulgaria expect the economic climate in the country to remain stable (54%) or improve (13%) over the next 12 months. This was shown by the traditional "Survey among Austrian..
Eight inflatable boats used to transport migrants illegally from the EU to the UK across the English Channel have been confiscated at the Lesovo border checkpoint on the border with Turkey. They were declared to customs authorities as..
"I categorically want to put an end to all insinuations that Bulgaria is abandoning its goal of joining the Eurozone within the next year", said..
Captain Lyubomir Chanev and chief mate Danail Veselinov returned to Bulgaria. They were held captive by Yemen's Houthis for 430 days. The Galaxy Leader..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
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