Ukraine Set to Receive $1.9 Billion Investment Boost from World Bank
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, admitted he came back to the homeland from the US because of PM, Boyko Borisov.
Speaking Sunday before TV7, Djankov stated that there were still plenty of unaccomplished tasks, but pledged he would quit his ministerial post in case Borisov does not get reelected in the summer of this year.
He commented he has been personally invited by Borisov to take over the country's finances and would accept an invitation from him for a second term in office.
"If I am to quit after the election, I will write books, professional books in finances. I am known at the World Bank and internationally as a top expert," he revealed.
The Minister stressed no one, not even the PM, could force him to start spending more in the wake of the general election.
"And Borisov is not the type of politician to ask for this anyway. Gradually, he became as right-wing as I am when it comes to fiscal discipline. One must stay the course, never give up – both in finances and in live," said he.
Djankov explained he would resign for two reasons – if the State budget fails and if the full smoking ban would be lifted in Bulgaria.
"I am not directly involved in the ban, but I believe it contributes to better healthcare. Several Ministers, the Speaker of the Parliament, the Customs Head, others around me, all cut down significantly on the number of cigarettes they smoke," Djankov concluded.
He pledged that until he is at the post, State budgets will always be accomplished as planned.
The Minister said the State goes bankrupt only when the Communist and the Socialists rule it.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022