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  • Consumer demand stimulus measures, which have been used in the past to restore the economy, will not be effective in tackling the current crisis that has been triggered by the coronavirus pandemic. This was stated today by the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.
    Kristalina Georgieva: The incentives for consumption in the past are now not the solution
    2020-04-18 06:30:17
    Consumer demand stimulus measures, which have been used in the past to restore the economy, will not be effective in tackling the current crisis that has been triggered by the coronavirus pandemic. This was stated today by the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.
  • The British government is removing the threshold of the credit guarantee scheme, so all companies with annual revenues of more than £45m ($56m) will gain access to the aid if they are forced to suspend operations or otherwise affected by restrictions imposed against the spread of the coronavirus, Reuters reported.
    UK expands business bailout lending scheme
    2020-04-18 05:30:06
    The British government is removing the threshold of the credit guarantee scheme, so all companies with annual revenues of more than £45m ($56m) will gain access to the aid if they are forced to suspend operations or otherwise affected by restrictions imposed against the spread of the coronavirus, Reuters reported.
  • Global economic activity, which has been hit hard by the coronavirus pandemic, may not fully recover even until the end of 2021, Gita Gopinath, chief economist at the International Monetary Fund, said Friday.
    IMF: World economy may not fully recover in 2021
    2020-04-18 03:30:06
    Global economic activity, which has been hit hard by the coronavirus pandemic, may not fully recover even until the end of 2021, Gita Gopinath, chief economist at the International Monetary Fund, said Friday.
  • China will not limit exports of medical goods needed in the fight against the coronavirus pandemic, a government spokesman said today, regarding the emerging tensions over the deficit of masks and respirators, the Associated Press reported.
    China will not restrict exports of medical goods and strengthen their quality
    2020-04-18 02:30:17
    China will not limit exports of medical goods needed in the fight against the coronavirus pandemic, a government spokesman said today, regarding the emerging tensions over the deficit of masks and respirators, the Associated Press reported.
  • Eurozone inflation slowed significantly in March, reaching just 0.7 per cent year-on-year versus 1.2 per cent in February, according to final EUROSTAT data confirming the preliminary estimate. Particularly strong is the decrease in energy prices - up 4.5 per cent on an annual basis.
    Inflation in the EU and Bulgaria slows
    2020-04-18 01:30:16
    Eurozone inflation slowed significantly in March, reaching just 0.7 per cent year-on-year versus 1.2 per cent in February, according to final EUROSTAT data confirming the preliminary estimate. Particularly strong is the decrease in energy prices - up 4.5 per cent on an annual basis.
  • Austria today closed its last coal-fired thermal power plant (TPP) - a symbolic stage for the country which has set its goal to produce up to
    Austria closes its last coal plant
    2020-04-18 00:30:16
    Austria today closed its last coal-fired thermal power plant (TPP) - a symbolic stage for the country which has set its goal to produce up to
  • For 50 people establishment we understand that the government is busy. It's a new situation for them and for us. We want a path to continue our industry. This was stated in the morning block of bTV Richard Alibegov, chairman of the Association of Restaurants.
    The boss of the Association of Restaurants with a gloomy forecast for the industry
    2020-04-17 23:30:05
    For 50 people establishment we understand that the government is busy. It's a new situation for them and for us. We want a path to continue our industry. This was stated in the morning block of bTV Richard Alibegov, chairman of the Association of Restaurants.
  • The newly registered unemployed at the Labor Bureaux from 13 March to 13 April are 82,409 people, preliminary data from the Employment Agency show.
    In just a month: The unemployed in Bulgaria exceeded 80,000
    2020-04-17 22:30:16
    The newly registered unemployed at the Labor Bureaux from 13 March to 13 April are 82,409 people, preliminary data from the Employment Agency show.