International development

UN: Cost of Climate-linked Disasters Soars

The economic cost of climate-related disasters hit $2.25 trillion over the last two decades, an increase of more than 150 percent compared to the previous 20 years, the UN said Wednesday, reports AFP. 

The United Nations Office for Disaster Risk Reduction (UNISDR) noted that "climate change is increasing the frequency and severity of extreme weather events" such as floods and storms.

Experts: Bulgaria is Among the Least Endangered Countries in the Currency Crisis Happening Around the World

Seven emerging economies are at risk of a crisis in the exchange rate. They are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, experts from Nomura Holdings, quoted by Bloomberg, said in an interview.

"Quality comes before speed," says EU's enlargement chief

Everybody realizes that the conditions have to be met, that quality comes before speed, that the strategy is not an invitation to do away with conditionality, Hahn, who is in charge of EU's neighborhood policy and enlargement negotiations, told an informal meeting in Sofia, Bulgaria.

The meeting on Friday gathered EU and Western Balkan foreign ministers.

Post-bailout conditionality in Greece - a proposal

Since the first memorandum of understanding (MoU) between Greece and its creditors in 2010, one word has been the central point of reference: "conditionality." In other words, the conditions attached to the loans from our European partners and the International Monetary Fund are based on a certain logic: money for Greece in order for it not to go bankrupt and cover its current expenditures, as


The 11th edition of the Index reveals a number of surprising global, regional and national trends in economic and social wellbeing, including an alarming deterioration in global security and a widening gap between the most and least prosperous nations.