IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
A two-day hackathon Innovate VT, vol. 2 will bring together young talents at the Vasil Levski National Military University in Veliko Tarnovo on 12 and 13 November, the Bulgarian news agency BTA reports. The event is organized by the..
The Regional Museum of History in Dobrich and the Maria Curie-Sklodowska University in Poland are organizing an international scientific conference dedicated to the Polish-Hungarian King Vladislav Varnenchik. The event will take place online on..
The Constitutional Court has opened a case on the results of the elections for the 51st National Assembly. A message on the institution's website states that the case was initiated at the request of 58 MPs of the 50th National Assembly. Referring..
The chairman of the Bulgarian Socialist Party-United Left urged the political forces in the new parliament to put their party selfishness aside so..
A government can be formed without DPS – A New Beginning, the Alliance for Rights and Freedoms, Vazrazhdane and MECH. All others can form a..
After two rounds of voting, the 51 st parliament failed to elect a National Assembly president. None of the candidates nominated – Natalia..
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