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.
Deputy Foreign Minister Elena Shekerletova received the credentials of the new Italian Ambassador in Sofia, Marcello Apicella, the Foreign Ministry said. During the talks, both sides expressed satisfaction with the long-standing friendly relations and..
Bulgaria’s Minister of Energy Zhecho Stankov and Vanya Ivancheva, Country Chair Shell Bulgaria, signed a contract for oil and gas exploration in Bulgaria’s exclusive economic zone in the Black Sea. The ceremony took place at the Council of Ministers..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5 out of 5 possible points. Dishes from Serbia and Georgia rank 1 st and 2nd, respectively. Famous..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
The reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by..
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain