Tag:world bank

Saint Lucia continue to witness economic growth in 2024

Saint Lucia is projected to witness growth in its economic sector in the year 2024. The information has been released by global financial monitoring agencies like the World Bank, ECLAC and the International Monetary Fund.

President Biden nominates Indian-born Ajay Banga as World Bank president

Ajay Banga, an Indian American and the former CEO of Mastercard, was nominated by US President Joe Biden on Thursday to manage the World Bank. Statement of Biden noted that Ajay is particularly prepared to lead the World Bank at this important historical moment

Despite international setbacks, China failed to achieve expected growth rate

According to the most recent Global Economic Prospects report from the World Bank, China is unlikely to achieve its projected GDP growth rate despite numerous domestic and international setbacks brought on by its zero-Covid policy and aggression

World Bank: Russia’s invasion of Ukraine is obstructing post-pandemic economic recovery in Europe and Central Asia

The world bank recently released the latest economic report in which they mentioned that the ongoing conflict in Ukraine had obscured hopes for post-pandemic economic recovery for rising and developing economies in Europe and Central Asia

PM Petkov held meet with World Bank officials

The topic of discussion during the meeting included - decreasing inequalities by means of strategies to improve healthcare, social services and education.

World Bank commends Bulgarian govt for its efforts in supporting Ukraine

The President of the World Bank further reaffirmed the organisations Group's commitment to a strong partnership with Bulgaria.  

World Bank predicts 45% shrink in Ukraine’s economy and 11% for Russia in 2022

As per the recent predictions by World Bank, the Ukrainian economy will be collapsed by 45% in the ongoing year.

Latest news

Armed Robbery Attempt at Shivachevo Town Hall: Assailants Target ATM, Security Guard Escapes Unharmed

The assailants' primary target was an ATM inside the building, with the clear intention of stealing cash, according to reports from bTV. The robbery attempt, which occurred around 5:00 AM, saw the perpetrators firing shots at the on-duty security guard
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European Court of Human Rights Criticizes Bulgaria’s Asset Confiscation Practices

The court found that Bulgarian authorities failed to establish a clear link between confiscated properties and the crimes for which individuals were convicted, consolidating five complaints into a single case

Train Collision at Sofia Central Station Results in Minor Injuries and Service Disruptions

Transport Minister Georgi Gvozdeikov confirmed that the incident occurred around 4:40 PM when a stationary train bound for Plovdiv was struck from behind by another train performing a maneuver with three carriages

Must read

Shocking Trend: Nipple Thefts in Thailand Linked to Breast Surgeries

Uncover the shocking news of nipple thefts in Thailand amid the surge in breast surgeries. A cautionary alert for those considering cosmetic procedures abroad. Stay informed, stay vigilant

Bulgaria witnesses red aurora lights, the rarest of a rare phenomenon

Bulgaria observes an unusual red glow in the skies believed to be red Aurora lights. The rare phenomenon causes multicoloured lights to dance in the sky. The red and magenta colours were the most dominant