The global economy may be in store for a more severe recession than in 2009, the managing director of the International Monetary Fund, Bulgaria's Kristalina Georgieva, stated. According to forecasts of the IMF, recovery of the world economy is expected in 2021, but only if countries are able to control the spread of the coronavirus and limit economic damage. The main concern is the risk of a wave of bankruptcies and redundancies, which can undermine economic recovery and disrupt the fabric of our societies, Kristalina Georgieva said.
So far, 81 countries have asked the IMF for assistance over the COVID-19 crisis. Georgieva stressed that the organization is ready to provide all of its $ 1 trillion credit resources to countries affected by the virus pandemic.
On May 2 in Sofia, the international exhibition "Get out and vote" of the global creative studio for social impact Fine Acts, supported by the Office of the European Parliament in Bulgaria, will be opened in the park area of the..
The Council of Ministers reversed its decision last night for the construction of a private general hospital Mom and Me in Sofia, the government press service has announced. Earlier on Wednesday, caretaker Prime Minister Dimitar Glavchev ordered..
Over the next 24 hours, cloud cover will remain significant. There will be rain showers in more places in the afternoon in southwestern Bulgaria, where they will be accompanied by thunder and will be temporarily intense. The minimum..
It will be mostly sunny on Sunday. Clouds will form over the mountains in the afternoon hours with a chance of isolated showers. The weather will be..
Children of different nationalities and their families will dye Easter eggs from 10.00 am to 14.00 pm in Canyon Park in Mladost residential district in..
The weather conditions for mountain hiking are poor on Saturday, the Mountain Rescue Service said. It is raining on higher ground. There is fog..
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