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 is concerned about the excessive volatility of the bitcoin, as well as its popularity among criminals and terrorists. Representatives of the organization are calling for an international talk on encrypted data to be launched as soon as possible.
An event of this kind could be the G20 meeting in March. Last year bitcoin rose by 1500%, but dropped sharply earlier this year. According to IMF representative Gerry Rice, such jumps are unfavorable to investors in the crypto market. The IMF recognizes that cryptocells can benefit, for example, as a more efficient means of payment. But at the same time, they are often used for money laundering, terrorist financing and fraud. According to Rice, regulators of all countries need to unite and stop ignoring the crypto market.
Everything should be done internationally. Germany and France are ready for such a discussion and both countries intend to initiate the G20 debate in Argentina. At the end of last year, Christine Lagarde, head of the IMF, said the emergence of the cryptocurrency is a sign of global financial market changes that can no longer be ignored.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022