Kristalina Georgieva Secures Second Term as IMF Chief
Bulgaria's Kristalina Georgieva has been appointed for a second term at the helm of the International Monetary Fund (IMF)
If Bulgaria falls off the cliff trying to hold the euro peg, it will likely have seismic shock waves across most of South Eastern Europe, says an article about the attempts to stabilize Latvia, drawing parallels between the two countries.
"If Latvia is left to fester, and the country falls into a growing political anarchy, containment will be much more difficult and panic will likely set in. That will impact the plans of Lithuania and Estonia as well as Bulgaria," the British Market Oracle wrote.
The author William Engdahl believes that the problem for Bulgaria is not one of sustaining the Euro peg, but of restoring competitiveness and economic growth, and this is much more difficult without a formal devaluation.
According to the article the IMF refusal to release its share of the rescue loan for Latvia is part of a Washington-backed effort to break the peg and thereby force other fixed-peg pre-Euro EU members-Estonia, Lithuania and Bulgaria-as well to devalue and forget the Euro dream.
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Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022