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According to a research of the German IMC Institute, the possibilities to begin a global financial crisis very soon has sharply increased and is now 32.4 percent.
IMK warns that there will be a major change in central bank policy, which could lead to a severe deterioration of the European economy and even to a new recession.
The situation is much more critical than a month ago, says IMK. According to the Institute, the outlook for a European and a global recession has increased to 32.4 percent due to the widening of the trade strain and the serious reduction of the liquidity of the global financial systems. At the same time, the recession indicators in Germany today are much higher than they were in 2008 when the biggest crisis began.
''The new crisis will be larger and longer than the previous one in 2008'', experts say. Bill Gates also recently made the same forcast.
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German authorities have apprehended two individuals holding dual German and Russian citizenship on suspicion of orchestrating acts of sabotage, including targeting United States military installations, to undermine military support for Ukraine.
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
In a world brimming with plenty, the silent epidemic of food waste continues to plague both our plates and our planet, with staggering implications for economies, ecosystems, and global equality
Ukraine's Prime Minister Denys Shmyhal announced on Friday that the country has obtained a $1.5 billion tranche from the World Bank program
The "We Continue the Change - Democratic Bulgaria" (WCC-DB) coalition has issued a public call to its former partner, GERB, demanding accountability and a concrete plan
In response to the deteriorating conditions at the refugee accommodation center in Sofia's "Ovcha Kupel" district, the State Agency for Refugees under the Council of Ministers has announced a phased redistribution plan
In a notable shift of tone, former President Donald Trump acknowledged the significance of Ukraine's survival to the United States
In a move sparking controversy and diplomatic ripples, the United States wielded its veto power at the United Nations to thwart a resolution advocating for the recognition of a Palestinian state
Ukraine's defense industry is embarking on a comprehensive overhaul of Bulgarian armored personnel carriers (APCs), which are slated to be deployed to the frontline in the near future
NATO has announced plans to send Patriot air defense systems to the embattled nation
Israel launched a series of attacks with drones targeting multiple sites in Iran, triggering explosions and raising alarms across the region.
Ukraine's Prime Minister, Denys Shmyhal, issued a stark warning, stating that a third world war would erupt if Russia emerged victorious in the ongoing conflict
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