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)
The International Monetary Fund has announced that it will contribute a total of EUR 1 B, or about 10% of a bailout package for Cyprus in exchange for widespread reforms in the island nation.
The IMF’s contribution would be through a three-year loan, representing about 563 percent of Cyprus’ quota, under the Extended Fund Facility (EFF).
“This is a challenging program that will require great efforts from the Cypriot population,” IMF head Christine Lagarde has said in a statement.
“We believe that it provides a durable and fully financed solution to the underlying problems facing Cyprus and provides a sustainable path toward a recovery.”
The statement follows agreement on Tuesday between Cyprus and the so-called troika of international organizations — the European Central Bank, the European Commission and the IMF - that negotiated the EUR 10 B bailout and the terms of the deal.
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The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022