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.
The lasting tendency of a decline in the migratory pressure towards Bulgaria continues, caretaker Interior Minister Katlin Stoyanov said at the opening of a safe zone for unaccompanied children at the Registration and Reception Refugee Centre in..
Household electricity prices could go up by less than 30% as of 1 July, 2024, Energy Minister Vladimir Malinov announced at a briefing at the Ministry of Energy. Kozloduy Nuclear Power Plant has withdrawn the price proposal, and after..
Interdepartmental working groups will work towards the speedier implementation of the projects for the construction of new nuclear capacities at Kozloduy NPP and the Vertical Gas Corridor, the Council of Ministers press service has announced. The..
The Constitutional Court has rejected the request by President Rumen Radev to rule that the termination of Lukoil’s concession of oil port Rosenets is..
63% of Bulgarians over the age of 18 say democracy is the best form of governance, 19% hold the opposite view, indicates a survey by Trend agency,..
The Fascination of Plants Day is to be celebrated today at the exhibition hall of the Faculty of Biology of the St. Kliment Ohridski university in..
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Cloudy
Overcast, rain