World Bank

Over 10,000 young people chose to leave Romania permanently in 2018 (INACO analysis)

More than 10,000 young people aged between 15 and 34 left Romania permanently in 2018, most of them from Bucharest, reveal findings of a recent analysis carried out by INACO - the Competitiveness Initiative. The research published on Monday shows that seasonal travels for studies, work, etc.

Damages from the Devastating Earthquake in Albania Amount to Nearly EUR 1 Billion

The damage caused by the devastating earthquake that struck Albania on the morning of November 26 last year was estimated at more than EUR 985 million. The figure was announced by Agriculture Minister Bledi Çuçi in his latest damage assessment report on January 30, BGNES reported.

China Bans Plastic Bags and Straws

China will ban non-degradable plastic bags in big cities. The restaurant industry will also be banned from using single-use straws by the end of this year in an effort to reduce waste.

The country is one of the largest plastic consumers in the world, and the plan aims to reduce 30% non-degradable single-use packaging in large cities' food establishments within 5 years.

BNR: Bulgaria has 93.75 of 100 Points According to Gender Equality Index

Bulgarian institutions have been working actively against anti-Semitism, xenophobia, discrimination and intolerance, Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva pointed out during chairing the 7th session of the National Coordination Mechanism for Human Rights, BNR reported.

World Bank: Turkey recovering 'faster than expected'

A World Bank report released late on Jan. 8 projected the Turkish economy would grow 3 percent in 2020 and 4 percent in 2021, rebounding from earlier financial turmoil at a faster pace than expected as domestic demand improves.

The bank revised its previous forecast that Turkey would contract 1 percent in June 2019 to 0 percent in its latest Global Economic Prospects report.

World Bank Raised Economic Growth Projections for Bulgaria

In a report, published last night, the World Bank raises the 2018 economic growth forecast of Bulgaria from 3 to 3.6 percent, BNR reported.

For this and for next year, the World Bank is also raising its forecast - a 3 percent growth rate for 2020, and 3.1 percent for 2021. In June last year its growth forecast was 2.8 percent for both years. 

PM Orban: We have highest VAT evasion, lowest VAT collection rate in EU

Prime Minister Ludovic Orban said on Wednesday that Romania has the highest VAT evasion and the lowest VAT collection rate in the European Union, but the level of 19pct is a reasonable one. "We are the country with the highest VAT evasion. We have the lowest VAT collection rate in the EU.

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