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)
World | April 13, 2024, Saturday // 09:00
Hungary Looks to IMF to Secure Financial Independence
- Tweet
Send to Kindle
The Hungarian Ministry of Finance announced Thursday that it will seek cooperation from the IMF to "support the financial and economic sovereignty" of the country.
The ministry has said that the "rescue plan" it hopes to negotiate does not consist in loans.
What is at stake is said to be "a guarantee, a safeguard intended to boost investor confidence in Hungary."
The statement produced a positive effect on financial markets that resulted in an increase in the value of the Hungarian forint, which had been declining for weeks.
According to the Ministry of Finance, the plan to be brokered with the International Monetary Fund will secure rather than decrease the financial independence of the country.
Over the past year, Hungary's rightist PM Viktor Orban has taken up a string of protectionist economy moves and has been skeptical toward cooperation with the IMF.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Hungary Blocks Decision on Russian Asset Revenues at EU Summit
A proposal aiming to allocate revenues from frozen Russian assets to Ukraine is facing obstacles at the European Council meeting commencing today, reveals a high-ranking diplomat speaking to Deutsche Welle
World | March 21, 2024, Thursday // 10:43
IMF Forecasts Realistic Timeline for Bulgaria's Eurozone Entry in 2025
Jean-Francois Dauphin, the head of the International Monetary Fund (IMF) mission in Bulgaria, has expressed confidence that Bulgaria's accession to the Eurozone by 2025 is a realistic goal
IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
EU Parliament to Sue Commission Over Hungary Fund Release
The European Parliament is gearing up to take legal action against the European Commission following its decision to release 10.2 billion euros in funds for Hungary, as reported by Politico
Bulgarian President Radev Engages in High-Level Talks with IMF's Georgieva
President Rumen Radev engaged in a substantial dialogue with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva
Politics | March 11, 2024, Monday // 11:55
Bulgaria’s Defense Minister thinks there was an Explosion on Board Prigozhin’s Plane
Bulgaria's Minister of Defense Todor Tagarev admitted the possibility that an explosive device might have been planted on board the crashed plane in which Yevgeny Prigozhin was traveling
EC is Preparing Criminal Proceedings against Bulgaria for Accessing Data from Criminal Record Certificates
The European Commission has announced that it is preparing criminal proceedings against Bulgaria, Cyprus, Greece, Malta, and Portugal for incorrect application of the rules on the exchange of data on criminal records and the establishment of the relevant
The European Commission Started an Evaluation of the Bulgarian Recovery Plan
The European Commission has started an evaluation of the Plan for Reconstruction and Development of Bulgaria, said the spokesman of the European Commission Eric Mamer. The document was submitted to the Commission on 15 October.
Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
58% of Bulgarians do not support the introduction of the euro as the official currency in the country. This shows a study prepared by Trend agency specifically for the financial forum NEXT DIFI 2021, organized by b2b Media for the fifth year. The data dur
Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
Too late Bulgaria began to explain its own position towards North Macedonia, as it should have been clear to our European partners some time ago.
New German Government and Old Bulgarian "bad boy" Borissov
An SPD-led government in Germany has significant potential to sharpen international attention to the problems of corruption in Bulgaria.
