World Bank

Bulgarian PM Kiril Petkov will Visit the United States on May 9 and 10

Bulgarian Prime Minister Kiril Petkov will pay a working visit to the United States. On May 9 and 10, Prime Minister Petkov will be in Washington, D.C.

Together with Petkov will be the Ministers of Energy Alexander Nikolov, the Ministers of Defense Dragomir Zakov, as well as the Deputy Minister of Foreign Affairs Velislava Petrova.

Losing Russian energy would weigh on Europe’s economy: IMF official

Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP.

Alfred Kammer, head of the IMF's European Department, urged countries in the region to take a series of steps to ease the blow, including reducing consumption to build up inventory.

Vučić to meet today with the World Bank delegation

The meeting will be held at 10 am in the building of the Presidency, Office for Media relations of the President of the Republic of Serbia announced.
The topic of conversation is the crisis in the world and the position of Serbia under the new circumstances.
The World Bank delegation will present to the President of Serbia an assessment of further money flows through Serbia.

Industrial production increased over 13 pct in February

Turkey's industrial production rose by 13.3 percent on an annual basis in February, gathering pace from the 7.6 percent year-on-year increase recorded in the previous month, data from the Turkish Statistical Institute (TÜİK) have shown.

The February reading was also above the 8.9 percent rise in the country's industrial output in February 2021.

World Bank: Bulgaria's Economy will slow down due to War, Inflation and COVID-19

Almost a third slower - compared to the forecast from January - will be the growth of the Bulgarian economy in 2022 due to the war in Ukraine and the risks of prolonged military conflict, point to further adjustments to downward growth. Instead of 3.8% of GDP, the new expectations are for 2.6%, i.e. adjustment for growth contraction of 1.2 percentage points.