World Bank

World Bank will Open Shared Service Centre in Bulgaria

Bulgaria will allocate a total of 9.4 million BGN this and the next four years for the establishment of a World Bank office in the country. The estimates were made by the Ministry of Finance. According to them, this year the state budget will provide 1.4 million BGN, reports BNT.

This is the second such World Bank shared service centre outside America, the first one located in India.

The World Bank Office in Bulgaria Opens in 2 Years and will Employs More than 300 People

The construction of the new World Bank office in Sofia will begin in July this year, with the project being carried out in several stages. Within two years, it must be completely ready. Within the first five years of its opening, over 300 people have to work there.

This information was confirmed by Finance Minister Vladislav Goranov, quoted by "24 hours".

Bulgaria will not Pay EUR 500 Million to EVN

The arbitration case brought by EVN against Bulgaria at the International Center for Settlement of Investment Disputes (ICSID) at the World Bank in Washington is over, writes Capital.

The decision has not yet been published, but the Austrian firm has announced that it will not be paid the damages sought, which, according to unofficial information, was about 500 million euros.

Turkey's finance minister holds talks with international investors in US

Turkish Treasury and Finance Minister Berat Albayrak held what officials from the ministry described as "very fruitful" talks with international investors and managers of large funds on the sidelines of the International Monetary Fund-World Bank spring meeting held in Washington.

The Bulgarian Government Decides to Provide an Office to the World Bank in Bulgaria

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.