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 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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A survey conducted by the Mediana agency indicates that if elections were held in Bulgaria today, GERB would secure the top position with a significant lead over other parties, garnering 27.5% of the votes from those who plan to participate
Women's rights remain the unfinished business of the 21st century, with a pressing need to support young women in obtaining education and skills to realize their potential
Bulgarian President Rumen Radev emphasized the "impossibility of achieving a victory over Russia" and rejected the continuation of the war in Ukraine as a viable option
Bulgaria's President Rumen Radev expressed concern over the recent actions and rhetoric of politicians in North Macedonia, emphasizing the need to move beyond the election campaign phase
Bulgaria is embarking on the production of kamikaze drones, which will be priced at BGN 2,000 each and have the capability to destroy tanks valued at 10-15 million euros
A recent meeting between (co)chairman of the Movement for Rights and Freedoms (DPS), Delyan Peevski, and European ambassadors has sparked strong criticism from five civil organizations in Bulgaria
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU