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.
Poetess, writer and publisher Bozhana Apostolova passed away at the age of 80 at her home in Plovdiv, her son, MP Manol Peykov, announced. Bozhana Apostolova was a publisher, poet, prose writer and recipient of Bulgaria’s highest state..
Supporters of keeping the Bulgarian lev after 2026 and the Ministry of Interior disagree on the number of people who took to the streets of Bulgarian cities on May 31. The organizers of the protest, which took place in Sofia and in more than..
A solemn military roll call and fireworks display in memory of Hristo Botev, his detachment and all those who died for Bulgaria's freedom was held on the evening of June 1 in Vratsa. President Rumen Radev and Vice President Iliana Iotova took part..
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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