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Remittances to low and middle-income countries projected to rise by 4 2% in 2022

Oxford Business Group As rising inflation and the global food crisis place financial pressure on many countries around the world, remittance flows to emerging markets are expected to continue to provide crucial support. In a recently released report, the World Bank’s Global Knowledge Partnership on Migration and Development (KNOMAD) estimated that global remittances to low- […]

Minister of Economy: Bulgaria Boasts Excellent Macroeconomic Indicators despite Pandemic - Novinite com

Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria s Transition: Innovation - Green Agenda - Digital Transformation. Bulgaria s public debt is among the lowest, the budget deficit for 2020 is 3%, and the unemployment rate in the country is 5% according to data by the National Statistical Institute and 7% according to data by the Employment Agency, he added. Bulgaria s macroeconomic indicators are excellent, said Minister Borisov. Its credit rating was raised during the crisis, the country joined ERM II, and it implemented the most liberal measures with regard to the pandemic, combined with socio-economic measures, the economy minister added. In his words, balance between economy and health sector, synergy and lack of confrontation are key to tackling the curren

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