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.
We Continue the Change party (PP) will submit next week a bill to amend the Law on Preschool and School Education to repeal the recently adopted definition of non-traditional sexual orientation. The voted texts prohibit the propaganda in the education..
Folk songs and dances bring together lovers of Bulgarian folklore at the annual Folk Costume Festival in Zheravna . This year the event will be held from August 23 to 25. Among the participants in the folk festivities will be musicians from the..
Friday will be sunny with clouds in the afternoon , especially in the east where there will be showers and thundershowers. Minimum temperatures will be between 16 and 21°C, 16°C in Sofia. Highs will be between 30 and 36°C, 31°C in the capital. 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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