Text size

The average Bulgarian is not impoverished, industrialist Vasil Velev claims

published on 3/12/23 4:44 PM

Vasil Velev

Photo: BGNES

The average Bulgarian has not become poorer in 2022, Vasil Velev, Chairman of the Industrial Capital Association in Bulgaria, told BNR, quoting statistics. He explained that for some workers there is a higher wage growth, while for others the statistics do not show any growth at all. This also affects consumption. "The average Bulgarian has not become poorer despite inflation, unlike the average European, because on average in Europe incomes lag behind inflation," Velev says.

"Bulgaria's GDP for 2022 has grown by 3.4%, this is slightly more than expected. We have the highest export growth in the whole EU for 2022 - 38%. We also have wage growth outpacing inflation. For the last quarter in the private sector, average wage growth was 17.7% with inflation below 16%," Velev said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Industrial Capital Association poverty Vasil Velev

More from category

Bulgarian-Ecuadorian business forum to be held in March

A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador office in Italy, accredited for Bulgaria. The event will take place on March 13, 2025 at the..

published on 2/28/25 2:03 PM

USA is among the main destinations for Bulgarian high-tech exports

The USA is among Bulgaria's leading foreign trade partners, the US market is among the main export destinations for Bulgarian high-tech products . This was announced by the Minister of Economy and Industry, Petar Dilov, at the opening of the Explore..

published on 2/27/25 7:41 PM

Bulgarian-Greek business forum opens in Sofia

A Bulgarian-Greek Business Forum with the participation of nearly 60 companies from both countries has opened today in Sofia . The forum is organized by the Bulgarian-Greek Chamber of Commerce and Industry and the Bulgarian Chamber of Commerce and..

published on 2/27/25 3:41 PM