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.
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political parties Vazrazhdane, Velichie, Mech, VMRO and civic associations. Similar protests in defense of..
Hundreds of believers joined the open-air liturgy in the center of the second largest city in Bulgaria - Plovdiv, on the occasion of 1700 years since the First Ecumenical Council in Nicaea and the feast of the heavenly patron of the city - the holy..
On the eve of Children's Day - June 1, the National Network for Children held a protest march with a starting point - the Courthouse in Sofia against violence against children. The march under the slogan "Let's protect our children. Let's..
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria..
Pope Leo XIV appeared last night in the Vatican Gardens wearing an omophorion gifted to him by Bulgarian Prime Minister Rosen Zhelyazkov , the Catholic..
Nearly one in three children in Bulgaria lives in material deprivation, according to data from the National Statistical Institute for last year, reported..
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