The Executive Board of the International Monetary Fund has selected Bulgarian Kristalina Georgieva as Managing Director of the IMF. The mandate is the 12th since the founding of the financial institution back in 1944 and starts officially on October 1st. In a statement Georgieva said that her immediate priority would be to help countries minimize the risk of crises and be prepared to deal with crises. The IMF's long-term goal under her leadership will be to support sound monetary, fiscal and structural policies that are to build stronger economies and improve people's lives. In order to safeguard the Fund's financial strength, the new management would enhance its oversight and capacity development efforts.
The National Assembly has once again rejected the proposal by Vazrazhdane party for the holding of a referendum on the adoption of the euro in Bulgaria. 50 MPs voted “for”, 112 “against and 53 abstained. PM Zhelyazkov: We’re past the time for..
The contract with the Turkish state-run gas company BOTAŞ is as much a problem for the Bulgarian side as it is for the Turkish side, Energy Minister Zhecho Stankov said in an interview with public service TV BNT. He stated further that he had never..
The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a regional centre for underwater archaeology in the Black Sea region. The centre will be located..
Students of medicine, young doctors and medical specialists from six towns – Sofia, Plovdiv, Pleven, Burgas, Varna and Stara Zagora – are staging..
Rose picking season is starting this year with serious problems because of the prolonged cold spell, BGNES reports. The people in this line of..
The weather will remain cloudy on Tuesday, with rain showers in many areas. The lowest temperatures will range from 8°C to 12°C, around 10°C in Sofia...
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Partly cloudy, chance of rain
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