In 2020, the poverty line for this country as a whole was 231 euros on average per household member a month. 1,659,900 people or 23.8% were below the poverty line, according to the National Statistical Institute. Compared to the previous year, the relative share of poor population rose by 1.2%. However, the social protection system is essential for reducing poverty. Data for 2020 show that when household incomes included those from pensions but excluded other social transfers (benefits, social and family benefits, etc.), the poverty rate rose from 23.8% to 29.9%, or by 6.1%.
The relative share of the poor is highest among the unemployed (61.1% in 2020). The share of the poor among the employed aged 18 to 64 increased compared to the previous year by 0.7% to 9.7%. Among the working poor, the share of those with higher education is the lowest - 2.4%.
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National Television. He recalled that according to the law, it should reach 65 years by 2037. “This topic..
Sofia residents are protesting against the two largest trade unions today , the Bulgarian National Radio reported. Their demonstration will be held under the motto “No to the priority of low-skilled labor over knowledge”. “The event is a civil..
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the topics of the meeting between Bulgarian Prime Minister Rosen Zhelyazkov and Italian Prime Minister..
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it,..
The Trade Union of Bulgarian Medical Specialists has declared readiness for protest actions and an effective strike, according to a statement published..
55% of Bulgarians do not feel informed about the introduction of the euro in Bulgaria, while 41% express the opposite opinion, according to a..
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