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.
Four cases of third-country nationals - three from Nepal and one from Sri Lanka - who were employed by hotels in the Sunny Beach resort and then disappeared have been reported to police in Nessebar. According to Veselin Nalbantov, deputy chairman of the..
President Rumen Radev is holding a series of meetings with potential caretaker prime ministers. Meanwhile, acting caretaker Prime Minister Dimitar Glavchev has announced that he is ready to take up the post. After a meeting with the president, he said..
20.8% of Bulgarians say they want to live under authoritarian rule, another 10% are supporters of communism, indicates a survey conducted by Alpha Research agency commissioned by the Human and Social Studies Foundation-Sofia. 64% of the..
President Rumen Radev has tasked caretaker Prime Minister Dimitar Glavchev with proposing a new composition for the caretaker government. "The crisis in..
Five members from the former parliamentary group of ''Velichie'' announced that they are forming a new party called "It Makes Sense". Viktoria Vasileva..
Friday will be sunny with clouds in the afternoon , especially in the east where there will be showers and thundershowers. Minimum temperatures will be..
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