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.
Answering a question in parliament, caretaker Minister of Culture Maestro Nayden Todorov stated that the National Culture Fund has a staff of only 11, people who have to distribute millions of euro for culture under the Recovery and Resilience Plan...
During a discussion with US President Joe Biden at the 75 th anniversary NATO summit in Washington DC, Bulgaria’s caretaker Prime Minister Dimitar Glavchev stated that Bulgaria is a loyal and reliable ally. On his part, President Biden expressed..
The travelling exhibition "Traces of Extinction" features casts of the footprints of endangered species in the Rhodope Mountains. The casts are made of biomaterials that replicate the animals' actual forms and habitats, reports BTA. The exhibition will..
Wednesday will be hot and sunny. There will be clouds in the afternoon, but rain will only fall in parts of Eastern Bulgaria and in the mountains...
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian..
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