International Monetary Fund

The governments of the European Union, which had given themselves time until the end of July to choose their candidate for the head of the International Monetary Fund (IMF), have not yet agreed on the name of Christine Lagarde's successor, the French finance ministry reported.

Bulgarian is in the battle for the head of the International Monetary Fund (IMF). Among the five candidates is Kristalina Georgieva, a french spokesman said on Tuesday, quoting Reuters.

"Ministers agreed that it is urgent to address the tax challenges raised by the digitalisation of the economy and the shortcomings of the current transfer pricing system," said a French summary of the meeting's conclusions, Financial Times reported.

Senior officials from Greeces creditor institutions are meeting in Athens with the country's new conservative government, which is planning to begin dismantling bailout-era taxes next month. 

Senior officials from Greece's bailout creditor institutions were meeting in Athens with the country's new conservative government following general elections this month.

Christine Lagarde resigned as director of the International Monetary Fund (IMF). The decision will enter into force on September 12. This is said in a statement by Lagard, distributed by the financial institution.

Decreasing workforce and low productivity of aging employees, coupled with rising pressures on public finances, can cost the economies of Central and Eastern Europe about 1% of GDP per year. By the middle of the century, per capita income will rise from the current 52% to around 60% of those in Western Europe.

As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.

Romania's Q1 2019 Gross Domestic Product (GDP) was 1.3pct higher in real terms than Q4 2018 GDP, and 5pct, both unadjusted and adjusted for seasonality, over Q1 2018, according to provisional data released on Monday by the National Institute of Statistics (INS).

On yesterday's meeting of European Council, the decision on the successor of Donald Tusk has been reached, so Belgian Prime Minister Charles Michel was elected the new President of the European Council.
Former President Donald Tusk announced this information on his official Twitter account.