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.
A record number of contestants from 8 countries are to take part in today’s Kodzha Kaya mountain marathon. Its 6 th edition of hosted by Bilka village in the Eastern portion of the Balkan range. By a tradition the marathon begins at dawn..
On Sunday the weather will be predominantly sunny, with cumulus clouds forming in the East in the afternoon though there is a slim chance of rain. There will be a light to moderate wind from the East-Northeast. Minimum temperatures 5-10° C., for..
As the active season is set to begin, the Ministry of Tourism started checks into unfair practices in organized tourist travel. Two of the tour operators checked so far have not provided a certificate for carrying our tour operator activity and..
A new complex in the village of Samoranovo, which includes a prison without bars based on the Norwegian model, a training center for prison officers, etc...
On Tuesday, lows will be between 7 and 12°C, 8°C in Sofia. During the day, rain will start to decrease from the north to central and eastern Bulgaria,..
Bulgaria should further develop its approach to dealing with energy poverty and indicate concrete steps for its reduction - this is stated in the..
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