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.
Bulgarian politicians and institutions have condemned the assassination attempt on Donald Trump. "We are deeply shocked by the horrific attack on former President Donald Trump during a campaign event. We express condolences to the victim and..
Our country is at real risk of losing funds under the Recovery and Resilience Plan, European Commissioner for Innovation, Research, Culture, Education and Youth Iliana Ivanova said for bTV. In her words, the political situation in the country..
Seven fires are burning in forest areas in the districts of Plovdiv, Haskovo, Kyustendil and Yambol, the Executive Forests Agency said. In Hisarya Municipality, volunteers are being recruited to combat the fire in the villages of Mihiltsi and..
The 12 km perimeter of the big fire north of the city of Stara Zagora has been cordoned off , the regional governor Metodi Markov said. There are..
Tuesday will be sunny and very hot. Minimum temperatures will be between 17 and 23°C, 17°C in Sofia. Maximum temperatures will be between 37 and 42°C,..
228 fires were extinguished in Bulgaria in the last 24 hours , the General Directorate of Fire Safety and Protection of the Population announced. There..
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