Decline in the quality of education in Bulgaria over the last decade - this finding is made by the World Bank in its latest update of the Human Capital Index. The index predicts a child's chances of developing their full potential and being in good..
The coronavirus crisis will shrink the global gross domestic product by 5.2% in 2020. For the Bulgarian economy, the forecast is a decline of 6.2% for 2020 and a recovery next year to a growth of 4.3%. This is data indicated in the World Bank's Global..
The Bulgarian economy will plunge into recession due to the impact of the Covid-19 pandemic on exports and domestic activity, the Europe and Central Asia Spring Economic Update of the World Bank reads. Bulgaria’s GDP is expected to decline by 3.7%..
Bulgaria’s National Assembly ratified the agreement between Bulgaria and the World Bank to open an office of the International Bank for Reconstruction and Development in Sofia. Over 300 highly-qualified experts in IT, finance, human resources and..
As of today Kristalina Georgieva is taking over as Interim President of the World Bank until the spring when a new president will be elected. The World Bank has always been headed by American citizens. When Jim Yong Kim stepped down to join the..
Until the last moment Bulgaria was in bitter competition with Croatia and Serbia for the World Bank office. The bank’s services centre will be tech-oriented and will be based in Sofia Tech Park, said Ilia Krastev from the Bulgarian Outsourcing..
During a meeting of Bulgarian Prime Minister Boyko Borissov with representatives of the business, he informed them about a decision of the World Bank to create establish services center in Sofia, which would lead to opening of another 200 high-tech..
Bulgaria has dropped nine notches from 50 th to 59 th position in the World Bank’s Doing Business annual report that includes 190 countries of the world. In 2015, Bulgaria was 37 th . Countries are positioned on the basis of..
In an interview for the Bulgarian National Radio, World Bank CEO Kristalina Georgieva commented that Bulgaria’s entry into the Eurozone will not lead to any significant rise in prices. She added that as it moves towards the monetary union, the..
At a meeting in Sofia with representatives of the World Bank, Bulgarian President Rumen Radev urged the international financial institution to support, with its expertise, Bulgaria’s efforts to transform its economy, so that the sectors with a high..
