Weather in Bulgaria on March 20: Sunny Start with Strong Winds and Snow in Mountains
As March 20 approaches, weather forecasts indicate a varied picture across Bulgaria, with conditions ranging from sunny spells to snowfall in the mountains
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria has received positive assessments of its fiscal policy and accelerated economic growth in the last year and a half from the IMF and the World Bank, announced Finance Minister Vladislav Goranov after his meetings within the framework of the annual meeting of the two institutions taking place in Washington.
“I am very impressed by the progress of your country, compared to its situation two years ago. Bulgaria is one of the countries with the best macroeconomic indicators in Eastern Europe. Increasing economic growth, reduced inflation and the improvement of the budget position are impressive,” said during his meeting with Goranov the Vice President of the World Bank Cyril Muller.
According to him, the experts of the bank are satisfied with the successful assessment of commercial banks’ assets in Bulgaria and the subsequent stress tests.
“Recently, there have been very good news from Bulgaria. Increased tax collectability and the reduced deficit encourage us in our expectations for a balanced budget within two years,” said Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund.
Vladislav Goranov also met with the Director of IMF's European Department Poul Thomsen. They discussed the priorities of the Bulgarian government concerning the expenditures part of the budget.
“Educations is our main priority. As early as next year, we will allocate an additional BGN 223 M for education. This is the main accent in our fight against the demographic crisis, the lack of qualified cadres for the economy and the risks of a slow-down in growth in the future,” underlined Goranov.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgaria emerges as a surprising leader in the realm of gold ownership, securing its position among the top three countries in Europe per capita
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion