The World Bank

The Board of Executive Directors of the International Monetary Fund has recommended that the age limit for the Managing Director of the Fund be dropped. This statement paves the way for Kristalina Georgieva, who is a candidate for the European Union, to head the IMF.

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).

Day 3 talks on high-level posts in the European Union (EU) continue. After a nearly 20-hour session, which began on Sunday and ended on Monday afternoon, the leaders of the member states renewed their efforts to reach an agreement.

A new report published on Tuesday estimated that more than 120 million people could slip into poverty within the next decade because of climate change.   As extreme weather events such as droughts, floods and hurricanes become more frequent, the world's poorest people will be forced to "choose between starvation and migration," the report warned.

The Romanian economy will grow by 3.2 percent this year, compared with a 3.6-percent forecast issued in November, indicate the latest forecasts released on Wednesday by the European Bank for Reconstruction and Development (EBRD). For 2020, the EBRD expects another 3.2-percent expansion in Romania's Gross Domestic Product (GDP).

The European Commission on Tuesday downwardly revised to 3.3 percent its estimates of the real Romanian economy growth this year, from a January forecast of 3.8 percent. The European Commission published on Tuesday its spring economic forecasts.

The Government is expected at its regular meeting to adopt a report on the implementation of the Action Plan for 2019 with the measures stemming from Bulgaria's membership of the European Union on 31 March 2019, the press service of the Cabinet announced.

Reforms are lagging behind, the report said, quoted by NOVA TV. 

Economic growth in the Western Balkans has accelerated to 3.8% in 2018, but is vulnerable to "rising external and internal risks," including geopolitical disputes and lagging reforms, the World Bank said.

Economist Simeon Djankov understands both the theoretical and the practical side of economic policy.

Lower interest rates on loans and a stable banking system will be among the positive effects of joining the Eurozone, Bulgaria's Prime Minister Boyko Borissov said at the traditional annual meeting of the business and government on 29th of January. The forum is dedicated to Bulgaria's road to the Eurozone and the effects on the economy.