IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
Bulgarian Patriarch Daniil received US Ambassador to Bulgaria Kenneth Merten at the Holy Synod, the Patriarch’s office announced on its website, as reported by the Bulgarian news agency BTA. The meeting was held at the request of the US ambassador...
Bulgaria has requested the European Commission to enact a safeguard mechanism for Bulgarian egg producers over excess imports from Ukraine, Minister of Agriculture and Food Georgi Tahov announced. At a meeting with representatives of..
The town of Kazanlak in Bulgaria's Rose Valley has been selected to host the International Contemporary Violin, Viola, Cello and Guitar Luthier Competition in 2025. The forum will be held during the popular Rose Festival. This was announced by the..
According to the plan for the development of the electricity transmission network of Bulgaria 2024-2033 of the Electricity System Operator, as of 2033,..
There is a channel for the transfer of workers to Western Europe, said Veselin Nalbantov, deputy chairman of the Bulgarian Hotel and Restaurant..
President Rumen Radev has tasked caretaker Prime Minister Dimitar Glavchev with proposing a new composition for the caretaker government. "The crisis in..
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