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 meeting of the Joint Multidisciplinary Commission of Experts on Historical and Educational Issues between Bulgaria and North Macedonia in Skopje ended without progress, BTA reported. On February 21 and 22, the Commission once again..
Police are searching for all those involved in the clashes in front of the European Commission building in Sofia on Saturday, February 22, Bulgaria’s Minister of Interior Daniel Mitov told public broadcaster BNT. ''Outrageous scenes in Sofia..
It will be cold with minimum temperatures between minus 14°C and minus 9°C, in places in the northeastern regions up to minus 16°C, for Sofia - around minus 9°C. On Sunday it will be mostly sunny. Before noon in some places in the plains and..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
+359 2 9336 661