International Monetary Fund

The European Commission has Lowered its Forecast for the Economic Growth of Bulgaria

The European Commission lowered its forecast for the growth of the Bulgarian economy this year from 3.8%, as expected in the spring, to 3.5%. The explanation is the delay in exports. The forecast of the International Monetary Fund in October is that the growth for the year is 3.6%, as is the expectation of the Bulgarian Ministry of Finance, reports Dnevnik. 

IMF to insist on pension cuts

The International Monetary Fund on Thursday issued a flat denial to the government's request to cancel the implementation of the planned pension cut in January 2019, while Finance Minister Euclid Tsakalotos appeared reserved about Berlin's attitude as he responded to investors' questions in London a day after meeting his German counterpart.

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