Denial as a Threat to the Balkans: Marking 30 Years Since the Srebrenica Genocide
On the 30th Anniversary of the Srebrenica Genocide: Manipulating Truth as a Strategy for the “Serb World”
Kristalina Georgieva: The Year will not be as Good as 2018, but Bulgaria is Immunized
- Tweet
Send to Kindle
2019 will not be as good for global growth as the previous one. However, Bulgaria is well immune from the financial crisis. This was stated in an interview with Nova TV, by the interim president of the World Bank, Kristalina Georgieva.
"Our growth forecasts are that it remains stable at 2.9%, but it is lower than the level predicted by the World Bank 6 months ago," she said.
"Bulgaria is well immune from the time of the financial crisis for now," Georgieva added, referring to the low debt level and the lack of budget deficits. According to Kristalina Georgieva, Bulgaria is a country with a good buffer in terms of budget, and in these conditions it has positioned itself well. The expert adds that one must think about the future because the world is becoming more and more competitive. Bulgarians are adaptive to change, but we have to apply this "talent" because we will need it very much in the rapidly changing world.
According to Georgieva, trade tensions between China and the United States are having an impact on investor and consumer stagnation and belt tightening.
"It's not good for growth," she says. There is more financial stress, interest is picked up, debts are very large and this creates fear of collapsing markets especially among the poor countries, Georgieva explained.
"When the big economies sneeze, the little ones catch pneumonia," she said.
Georgieva explained that there were already many centers that identify the directions of development and all should lift the measure a little - more attention to the investment climate.
"Our country stands in one place and does not climb up," she warned.
The World Bank Chief commented on the subject of Brexit. Kristalina Georgieva is convinced that the common sense of England and the European Union will prevail.
The Bells of a New War: Serbia’s Old Rhetoric as a New Threat to the Balkans
We are increasingly facing the danger of a déjà vu of history: Vučić’s Serbia has revived Milošević’s narrative of “Serb victimhood”
As U.S. Influence Wanes, Is Europe Ready for a Global Euro?
The global monetary and financial landscape usually remains stable, with changes being rare and significant when they do happen
EU's Survival Kits: A Necessary Step or Overblown Fear?
In an increasingly unpredictable world, the European Commission's recent recommendation for citizens to be prepared with a 72-hour survival kit in case of a crisis has sparked a heated debate
A New Vision for Europe's Future: Security, Economy, and the EU-Türkiye Relationship
The upcoming emergency summit of European leaders on Ukraine is not just a crisis response, at the same time it is also a historic opportunity to redefine Europe's economic and political trajectory
EU is the Paper Tiger
In the 1994 Budapest Agreement, Russia, the United States, and Britain promised to secure Ukraine’s independence if Ukraine gave up its nuclear weapons
