The Rector Awarded to Assoc. Prof. Dr. Kristalina Georgieva the Honorary Title of Doctor Honoris Causa of UNWE

In her academic speech Assoc. Prof. Kristalina Georgieva noted "I still remember the day I was accepted as a student of Political Economy and Sociology at the Higher Economic Institute at that time, today's UNWE and from that day my professional journey in Bulgaria and around the world began". She told about the challenges in her career path and outlined: “First the pandemic that has not gone yet and then the war in Europe. These are two unthinkable events. Before the pandemic none of us expected that the world economy would come to a halt and that the recovery would last more than two years. But even more terrible is the war which has dramatic consequences, of course, first for the Ukrainians, for their economy which will shrink by 40% this year. It has very severe consequences for Russia which will shrink by more than 10% in economic plan but it has consequences for the whole world, said Kristalina Georgieva adding that we are interdependent. "The war in Ukraine means recession in countries that are big importers of energy or food, a war in Ukraine means hunger in Africa, we cannot cope without working together, we cannot cope without thinking about the fact that the world is one united entity." Regarding how a country can become rich Kristalina Georgieva cited the words of Adam Smith: "Peace, low taxes and a good justice system".