US Specialists Inspect Bulgaria's Graf Ignatievo Air Base Ahead of F-16 Deployment
Specialists from the United States have conducted an inspection of the repair work at Bulgaria's air base near Graf Ignatievo
Global debt levels have increased 40% since the beginning of the financial crisis, amounting now to more than USD 100 trillion.
Data published by the Switzerland-based Bank for International Settlements (BIS) has revealed the USD 30 trillion jump in debt between mid-2007 and mid-2013 was nearly twice the size of US economy (around USD 16 trillion), as Bloomberg reports.
Analysts at the BIS have explained that the expansion of government spending in recent years has been main cause of debt issuing on such a scale.
This surge of liabilities has also originated the wave of austerity that spread throughout developed (and some developing) countries worldwide, leading to governments reducing spending and increasing taxes to rein in economies and retain international investors on their markets.
Created in 1930, the Bank for International Settlements has its headquarters in Basel and aims at providing assistance to central banks. It also publishes macroeconomic surveys on a monthly and yearly basis.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent address to an influential American conservative forum in Budapest, former US President Donald Trump hinted at plans to renew Republican cooperation with Hungarian Prime Minister Viktor Orbán
Ukrainian Minister of Agrarian Policy and Food, Mykola Solskyi, has been released from custody after posting bail of nearly 2 million USD following his arrest on corruption charges
Ukraine has opted to temporarily withdraw US Abrams M1A1 tanks from frontline combat due to increasing challenges posed by Russian drones
European Commissioner for Internal Affairs, Ylva Johansson, has highlighted the pressing need for increased labor migration in the European Union
New York's highest court has made a pivotal decision in the legal saga surrounding former Hollywood producer Harvey Weinstein
On April 26, 1986, the world witnessed a catastrophic event that would leave an indelible mark on history
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022