Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria's poverty line to be set for 2025

Photo: Radio Vidin

At a meeting today, the National Council for Tripartite Cooperation will discuss a draft decree of the Council of Ministers setting the country's poverty line for 2025, submitted by the Minister of Labour and Social Policy.

The government proposes an increase of 21.3%, raising the poverty line to 638 BGN (326.2 EUR). The authorities expect that a reduction in inflationary pressures will lead to an increase in the purchasing power of vulnerable groups and an increase in household consumption. 
However, one of the largest trade unions in Bulgaria, the Confederation of Independent Trade Unions of Bulgaria (CITUB), disagrees with the proposed amount and suggests that it should be 667 BGN (341.03 EUR). 

The union explains that the poverty line in Bulgaria is determined by the Eurostat study "Statistics on Income and Living Conditions (EU-SILC)", which is based on old income data from two years ago, or in this case, the poverty line set by Eurostat reflects income levels from 2022, while it will be applied in 2025. Therefore, a corrective indexation is necessary to take into account the accumulated inflation based on current data.

The at-risk-of-poverty threshold is updated annually; for the current year it is BGN 526 (EUR 268.94).



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Festive Christmas spirit pervades the Bulgarian capital

Sofia will welcome the Christmas and New Year holidays with brilliant decorations in all areas of the city. A major highlight in the transformation of the capital will be the beautiful Christmas trees placed in key locations. The tallest among..

published on 11/24/24 9:50 AM

Sunny but chilly Sunday

Overnight it will be mostly clear. Winds will weaken and die down in many areas. In the morning it will be cold, with minimum temperatures between minus 7 and minus 2°C, reaching minus 10°C in the valleys and around minus 9°C in Sofia. Tomorrow will be..

published on 11/23/24 7:05 PM

Unit 6 of Kozloduy NPP connected to the national grid after annual maintenance

The planned annual maintenance of Unit 6 of Bulgaria's only NPP, Kozloduy, has been completed. The unit was connected to the national grid at 10:07 following an inspection by the Nuclear Regulatory Agency. In addition to the repairs made to improve..

published on 11/23/24 2:09 PM