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 approved a USD 47 B line of credit for Mexico.
Mexico has said it does not intend to use the money, but applied for it as a precaution in the event of further deterioration in global markets, Darik Radio reported. It is the first country to get the credit under a new fast track scheme designed to help developing nations cope with the global economic crisis.
Mexico, which sells 80% of its exports to the United States, has been hit hard by the global recession. Industrial output last month fell by over 13%, the sharpest decline in 14 years, the BBC said.
Several Eastern European countries are also seeking similar credit lines.
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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
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