Ukraine Set to Receive $1.9 Billion Investment Boost from World Bank
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
The World Bank has reduced its GDP growth forecast for Bulgaria for 2013 and 2014.
According to the latest edition of the Global Economic Prospects report, Bulgaria's GDP is to grow by 1.2% in 2013, not by 1.8%, as initially predicted.
In 2014, Bulgaria's GDP is to increase by 2.1%, instead of 2.4%, reaching a 3% growth in 2015, according to the World Bank.
According to the report, Bulgaria reported a 3% growth in industrial production in Q1, 2013.
The report also informs that Bulgaria registered a modest year-over-year increase in real credit in February, at 0.5%.
Global GDP is expected to expand by about 2.2% in 2013 and strengthen to 3% and 3.3% in 2014 and 2015.
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Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
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