World Bank group

,,Sofia is positioned as an innovative and digital center in the region with the opening of an office of the World Bank in our capital.'' This was said by the mayor of Sofia Yordanka Fandakova at the opening of the new office of the financial institution this morning.

The World Bank to support the financing of the Sofia-Skopje-Tirana transport corridor and to take over the supervision. Prime This is for what Minister Boyko Borissov has invited his guest - World Bank Group Managing Director and World Bank Group Chief Administrative Officer Shaolin Yang at their meeting earlier this morning. 

The safety of students, teachers and staff in selected schools in high-risk seismic zones in Turkey will be improved through a €267.6 million ($302 million) project, the World Bank Group said on late Thursday.

Five offers from international companies with extensive experience in the sector have been submitted for the concession of Sofia Airport. Currently, the commission conducts the procedure to verify that the applications submitted meet the requirements of the tender procedure.

Bulgaria's former EU Commissioner, Kristalina Georgieva, assumes the role of Interim President of the World Bank effective as of 1st of February, reports BNT.

The appointment comes after World Bank Group President Jim Yong Kim on 7th of January announced that he will be stepping down from his position.

In a surprise move, World Bank President Jim Yong Kim on Monday announced that he will step down from his position on February 1 much before the end of his term in 2022.

Kim, 58, has been in this position for over six years now.

The World Bank on Monday unveiled $200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding, reports AFP. 

The European Bank for Reconstruction and Development, APS Delta, Balbec Capital and the IFC will jointly invest 50 million euros ($57 million) in a portfolio of unsecured sour loans originated by Greece's Piraeus Bank, the EBRD said on Friday.

Turkey carried out a record number of business reforms in the past year, earning the country a spot in this year's top 10 global improvers, read the World Bank Group's Doing Business 2019: Training for Reforms report on Oct. 31.

Hanoi (VNA) - Vietnam's improving competitiveness has helped it become more attractive to Bulgarian companies who want to invest and seek business opportunities in the country, Bulgarian Minister of Economy Emil Karanikolov has said.

Karanikolov made the statement while attending the Vietnam-Bulgaria Business Forum which opened in Hanoi on September 18.