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.
Two million laying hens have been culled in Bulgaria since an outbreak of avian influenza began in October. Over 40% of laying hens are affected by the disease. These alarming figures were reported to BNR by Ivaylo Galabov, chairman of the Union..
The first shipment of fresh nuclear fuel for the Kozloduy nuclear power plant has arrived at the port of Varna - West. The fuel, manufactured by the US company Westinghouse, was delivered by the Dutch-flagged ship Adamas, public broadcaster BNT..
EU Commissioner for Home Affairs Ylva Johansson visited the border crossing at Sofia Airport. Bulgaria's caretaker Interior Minister Kalin Stoyanov, showed Ms Johansson the new organisation of work after Bulgaria's accession to Schengen by air. The..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
Bulgarian Caretaker Prime Minister Dimitar Glavchev has met with the Prime Minister of the Netherlands Mark Rutte , the press service of the Council of..
The Bulgarian Socialist Party will send the parliamentary report on the gas contract with the Turkish state-owned energy company Botas to the..
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