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.
Caretaker Minister of Education Galin Tsokov has assured that the nearly 20 million euros earmarked in the budget for higher education will be transferred to the universities tomorrow, CITUB President Plamen Dimitrov told BNR. In..
Caretaker minister of tourism, Evtim Miloshev, predicts that the number of tourists in this country will grow by at least 10% during the summer season. "According to data from the European Travel Commission for the first three..
The capital's mayor, Vasil Terziev, recalled the commitment to have at least one working lift on Vitosha by the end of his term in 2027. At a briefing on the non-working facilities in the mountain, he stated that there is no way one..
There will be no significant rise in the price of electricity for household users, said caretaker Energy Minister Vladimir Malinov. Kozloduy..
The European Commissioner for Agriculture Janusz Wojciechowski will be on a working visit to Bulgaria on May 21. His program includes meetings in..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government..
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