World Bank Lifts Bulgaria’s 2025 Growth Forecast to 3%
The World Bank has revised upward its outlook for Bulgaria’s economy, projecting a 3% increase in gross domestic product (GDP) for 2025
novinite.bg
The World Bank to support the financing of the Sofia-Skopje-Tirana transport corridor and to take over the supervision. Prime This is for what Minister Boyko Borissov has invited his guest - World Bank Group Managing Director and World Bank Group Chief Administrative Officer Shaolin Yang at their meeting earlier this morning.
The Bulgarian prime minister said he wanted to see the World Bank finance the enterprise, but also monitor the entire process, because it is of geostrategic importance and will give a powerful impetus to the development of the region, BNR reported.
"We have talked with the World Bank Chief for the Sofia-Skopje-Tirana Corridor, “ Borissov announced at the meeting in front of the Bulgarian ambassadors and explained that the financial institution is ready to engage with the supervision of the financing.
"We are now facing one of the most important corridors - the World Bank not only finances, but also monitors the process, it is geostrategic," the Prime Minister said at the opening of the Shared Services Logistics Center, in which more than 300 skilled professionals will work. This is the occasion for Shaolin Yang's visit.
Bulgaria and the World Bank Group have a sustainable and long-standing partnership that we are continuing to develop today, Borissov assured his guest at the meeting earlier this morning at the Council of Ministers.
Prime Minister Borissov noted the advantages that make Bulgaria stand out and make it an attractive destination for institutions like the World Bank is its strategic location, the stable political and economic environment, the availability of highly qualified labor, the very good infrastructure.
Prime Minister Borisov expressed confidence that the establishment of the Center for Shared Services in Bulgaria will have a positive impact on the Bulgarian economy. According to him, this will build on potential in high added value sectors and provide jobs for high-tech specialists, informs the press service of the Council of Ministers.
Finance Minister Temenuzhka Petkova outlined the reasons behind the projected rise in Bulgaria’s debt for next year, which is set to reach 10.5 billion euros
A Russian media outlet, "Vzglyad," has released a ranking of what it calls "hostile governments," assessing countries according to their perceived antagonism toward Russia through a points-based system
The newly appointed special commercial administrator of Lukoil Neftochim Burgas, Rumen Spetsov, moved quickly on his first day in the role
In 2026, Bulgaria will once again take the helm of the EU Strategy for the Danube Region (EUSDR), marking its second term in this role
Sudan has called on the European Union to suspend arms sales to the United Arab Emirates, warning that European-made weapons are reaching the country’s warzones
Rumen Spetsov has officially been registered in Bulgaria’s Commercial Register as the special commercial administrator of Lukoil Neftochim Burgas
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence