World Bank

Films about floods mark start of Donor Conference

BRUSSELS - Three films about the May floods in Serbia and Bosnia-Herzegovina and about the reaction from the international community to the event marked the start of the Donor Conference in Brussels on Wednesday under the motto Rebuilding Together, which will be used to help repair the damage caused by the natural disaster.

Dacic appeals to donors

BELGRADE - Serbia's Deputy Prime Minister and Foreign Minister Ivica Dacic appealed on Monday to the countries participating in the upcoming Donor Conference to help Serbia and Bosnia-Herzegovina in the recovery from the recent floods as much as possible.

Bosnia Sums Up Flood Needs Before Donors Conference

As a donors conference prepares to start work this week in Brussels, Bosnia said it had raised only 250 million euro of the 2 billion it needs to repair the damage caused by devastating floods in May.

The money gathered so far came from credits, initial donations and from the budgets of the country's own institutions.

‘Should’ monetary policy

On my first day on the job as a market economist in 2006, my boss, an economics Ph.D. who had worked at the World Bank and the Central Bank of Turkey before joining the ranks of finance, pulled me aside to explain the difference between academic and market economists.

World Bank Forecasts 1.7% Growth for BG Economy

The World Bank forecast 1.7% growth for Bulgaria's economy in 2014, in its EU 11 regular report released on Friday. 

It, however, did not take into account the controversies around the bankruptcy of the Corporate Commercial Bank (KTB) and the expected by Finance Minister Petar Chobanov growth of the state deficit over the 3% threshold.