The Bulgarian National Bank, BNB, has increased its reserves by over 1 billion euro. This took place after the increase of the special drawing rights allocated by the International Monetary Fund, BNB has announced. With the increase, as of 23 August the total amount of BNB’s special IMF drawing rights will reach around 1.7 billion euro.
Earlier, International Monetary Fund Managing Director Kristalina Georgieva described the allocation of a total of 650 billion USD for the member countries as a “historic decision” and “a shot in the arm for the global economy at a time of unprecedented crisis. It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis.”
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..
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