Bulgaria - Large part of the population below minimum standard of income - February 28, 2018

An economist of the Confederation of Independent Trade Unions of Bulgaria (CITUB) stated, in reaction to recently released survey data, that 71% of the citizens receive an income below the minimum standard of living. The economist noted that although there is an economic upsurge, the majority of the population does not benefit from it because economic inequality continues to increase. For a year, the standard of living has gone up by between 5% and 7% and average wages by 12%. However, the prices of goods have risen more and this increases inequality between individual social groups. According to research, 27% of the working households receive incomes lower than the poverty line, which is currently BGN 314 and the remaining 45% earn income between the poverty line and the minimum subsistence.

Read on: in English (1) …   in English (2) …

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