IMF Managing Director Kristalina Georgieva has been asked to provide explanations by her former employer, the World Bank, over putting pressure on staff to inflate data on China.
According to an independent report by law firm WilmerHale commissioned by the World Bank, executives including the Bulgarian exerted pressure to raise the rating of the Chinese economy in the Doing Business ranking of 2018. That is how, instead of 85th, China ranked 78th.
The investigation also points to manipulations regarding Saudi Arabia's rating last year. The same report also claims that former Finance Minister Simeon Djankov played a key role in the scandals as an adviser. Kristalina Georgieva commented that she did not agree with the findings. She is expected to provide explanations about the World Bank report at an IMF meeting today.
The Bulgarian Society for the Protection of Birds announced the first successful hatching of Egyptian vultures in the wild in our country. The bird is considered the most endangered species on the Balkan Peninsula. The female..
From his Facebook profile, the co-chairman of "We Continue the Change" Kiril Petkov announced that the PP-DB coalition will not negotiate with "Vazrazhdane" to form a cabinet. He defined as "media suggestions" the claims that such..
The Ukrainian Embassy in Bulgaria has called on officials and political forces to refrain from using the topic of the war for political purposes. The diplomatic mission emphasizes that Ukrainians pay the most terrible price every day..
Sunday will be sunny and hot. There will be weak to moderate northeasterly wind. Temperatures will continue to rise and the highest..
If a referendum was held on whether to continue the country's membership in NATO, 59% of Bulgarians would answer affirmatively,..
The new Bulgarian Patriarch, Daniil, has spoken out in favour of reconciliation within the Orthodox churches. "There is a broken communion between..
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