Aid

Bulgaria Approves Humanitarian Aid for Ukraine, Syria, Lebanon, and More

Bulgaria has approved humanitarian aid amounting to 929,019 leva to support Ukraine, Syria, Lebanon, Afghanistan, Iraq, and Armenia. This assistance will be offered as voluntary contributions through international organizations, as confirmed by a recent government decision.

High debt taking heavy toll on developing nations: UN

Poorer nations are increasingly struggling to navigate the sluggish global economy, the UN has warned, calling for a fundamental rethinking of development strategies.

A report from the United Nations' trade and development agency UNCTAD highlighted how slow growth, soaring debt burdens, and weak investment and trade, were holding back developing countries.

The match is ready to drop

A large part of Greek society (combining various indicators and statistics, one can estimate it's approximately a third of it) is having difficulty making ends meet. If in previous years poverty was linked to unemployment, today the "strong" Greek economy is massively producing the newly poor - people who are poor or penniless even though they have a job.

Debt Crisis Deepens for the World’s 26 Poorest Nations, Says World Bank

The 26 poorest countries in the world, which collectively house 40% of the globe's most impoverished population, have accumulated significant debt since 2006. According to a new report from the World Bank, these nations are increasingly susceptible to natural disasters and economic shocks, as reported by Reuters and BTA.

Subsidies for growth

The idea that subsidies for businesses and development projects should not be distributed through the current process, but as a tax deductions, could contribute to the transparency and effectiveness of state aid. 

The aid given to businesses from time to time has not paid off as expected and certainly did not reduce Greece's productive deficit. 

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