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.
''Bulgaria needs young people who have gone abroad, received a good education and become accustomed to the discipline of modern life in Europe and around the world to return and bring their skills back home. This will transform the business..
A coordination center was established yesterday at the Ministry of Foreign Affairs in connection with the situation in the Middle East. The Bulgarian government is receiving real-time information on everything that is happening and is in contact with..
Galin Tomov created an impressive portrait of President Donald Trump especially for his birthday (June 14) on a carpet, using a traditional Bulgarian loom and technique. ''Tremendous thanks to master craftsman Galin Tomov for helping us mark..
“We are witnessing an intensification of the Russian hybrid war against Bulgaria,” Assoc. Prof. Momchil Doychev, co-chairman of the Atlantic..
Bulgarian citizens in the territory of the State of Israel are advised to remain calm, strictly adhere to the instructions of the Israeli Civil Defense ,..
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
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