Bulgaria, according to the World Bank, has undergone a significant transformation over the past three decades, moving from a highly centralised, planned economy to an open, market-based, upper-middle-income economy securely anchored in the European Union (EU).
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Voice of the Andes
The Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrangement for Peru under the Flexible Credit Line (FCL) in an amount equivalent to 4.0035 billion SDR (approx. $5.4 billion USD)  and noted the cancellation by Peru of the previous arrangement in the amount of 8.07 billion SDR in May 2022. The Peruvian authorities stated their intention to treat the new arrangement as precautionary.
Next generation transport innovations
Israel is a very small country, measuring 470 kilometres long, and 135 kilometres at its widest point. But it has a well-developed network of roads and railroads, as well as modern ports and airports. Infrastructure development failed to keep pace with rapid population growth, boosted by the arrival of some one million immigrants over the last decade, and by a surge in economic growth and rising affluence.
The Greek labyrinth
Kyriakos Mitsotakis, the Prime Minister of Greece, in recent months has urged Europe to address the rise in gas and power prices which is impacting the domestic economy. Soaring energy prices correlate with the conflict in Ukraine which has exacerbated the issue. This in turn has prompted the European Union to cut its use of Russian gas by about 77 per cent this year and increase imports from other countries as well as expand its renewable energy capabilities.
The Swiss confluence
Logistics firm, Dachser, opened for business in Switzerland 55 years ago and has played a role in facilitating the timely movement of freight via various modes for the Alpine Republic.
Chipping at the semiconductor monopoly
It takes an integrated semiconductor supply chain involving thousands of companies and millions of people to form the backbone of today’s digital economy. Such complexity drives 5G, Artificial Intelligence, Internet of Things (IoT), automotive, smart factories, quantum computing and data processing. All was going well, too, until Covid-19 came to town.
Belgium’s Federal Planning Bureau released a statement in September 2021 forecasting a return to pre-coronavirus levels for the economy by the year’s end.
Singapore, according to DHL, handled 36.9 million twenty-foot equivalent units (TEUs) of containers in 2020, little changed from the 37.2 million TEUs in 2019. It also retained its position as the world’s largest bunkering port in 2020, recording marine fuel sales of almost 49.8 million metric tonnes.
The state of a nation
Industrial production in Austria, according to Trading Economics, advanced 23.4 per cent year-on-year in May 2021, following a revised record 33.8 per cent in April, reflecting a continued economic recovery and the low base effect.