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EC: High share of people at risk of poverty and significant income inequalities in Bulgaria

Despite a certain decline, the proportion of the population at risk of poverty or social exclusion remains high in Bulgaria, and income inequalities are significant, reads a working document of the European Commission on the social convergence of EU..

08.05.24 17:34 |
Petar Ganev

Political instability deters foreign investment

The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and..

08.04.24 10:04 |

One-third of household budgets spent on food

The average total income for the third quarter of 2023 per household member in Bulgaria is EUR 1 , 469.45,  up by 22.5% compared to the third quarter of 2022. Over the same period, spending per household member is EUR 1,387.65, an increase..

17.11.23 13:46 |

Worrying trends in the work of Bulgarian journalists

In recent years, journalists in Bulgaria have been aging and declining, they work in a risky and toxic work environment, it is difficult to maintain high professional standards due to various types of pressure and corruption . This is shown by a..

02.08.23 15:23 |

NSI: Bulgaria's GDP up 2% in the first quarter of 2023, inflation goes down

Inflation in Bulgaria in April has gone down to 0.3% compared to March and to 11.6% compared to the same month last year, the National Statistical Institute said. Year-to-date inflation (January 2023-April 2023) is 3% and the average annual..

16.05.23 14:45 |

Nearly a quarter of Bulgarians live below the poverty line

In 2022, the total poverty line for Bulgaria is BGN 525.92 /EUR 268.43/ per household person per month on average. 1.572 million people, or 22.9% of the country's population, were below the poverty line, according to data from the National Statistical..

26.04.23 16:57 |
National Statistical Institute

National Statistical Institute registers slowdown of annual inflation in March to 14%

In March, the annual inflation rate in Bulgaria slowed down, reaching a 12-month low of 14%, as compared to 16% in February, the National Statistical Institute has reported. In two-thirds of the regions of the country, unemployment has gone up..

18.04.23 13:18 |

Bulgarians get poorer, inflation erodes purchasing power

EUR 1,243 per month is the income a family with a child under 14 needs to cover the cost of living, shows data of the latest survey of the largest trade union in Bulgaria- the Confederation of Independent Trade Unions in Bulgaria (CITUB)...

23.01.23 14:08 |

Around 2/3 of households with incomes below subsistence level

68%  of the households in the country live on an income below the subsistence level. In 2019 this percentage was 72, which means that the socially targeted measures during the crisis are having a certain positive effect, indicates an analysis..

18.11.20 13:21 |

Unions demand wages increase by more than 1/3 within next 18 months

Over the next 18 months, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will insist that the minimum wage should reach 400 euros and the average wage - 871 euros . According to the union, these are completely achievable goals...

16.07.20 17:31 |
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