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
The World Bank has substantially lowered its 2015 economic growth forecast for Bulgaria.
According to World Bank Group’s Global Economic Prospects (GEP) report, released Wednesday, Bulgaria’s economy will expand by 1.1% in 2015, down from the 2.4% GDP growth predicted in June.
Meanwhile, Bulgaria’s Finance Ministry anticipates GDP growth of 0.8% in 2015, while the European Commission expects Bulgaria’s economy to expand by 0.6% in 2015, according to reports of dnevnik.bg.
The International Monetary Fund and the European Bank for Reconstruction and Development expect Bulgaria to register GDP growth of 2% in 2015.
The World Bank is more optimistic about Bulgaria’s economy in 2016 and 2017, with growth forecasts of 2% and 2.7%, respectively.
The World Bank has also downsized its forecast about the global economy in 2015 from a rate of 3.4% in June to 3%.
The global economy is to grow by 3.3% in 2016 and 3.2% in 2017.
The eurozone economy is projected to expand by 1.1% in 2015.
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Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
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