Capital and resources have become more concentrated in the hands of fewer and fewer people for the past 20 years, the director of the Institute for Social and Trade Union Research at CITUB, Lyuboslav Kostov, has told BNR. "The well-being of the rich in our country has been growing, but this is detrimental to the well-being of others. This is the key point that needs to be discussed," Kostov said. According to data provided by him, in 2019 the richest 1% of the country's population owned 18% of GDP, while in 2008 they owned 8% of GDP.
According to Kostov, the average annual income for 2020 of 50% of the poorest Bulgarians was 2,959 euros, which is about 255 euros per month. The annual income of 1% of the richest Bulgarians was 163,613 euros, or over 13,293 euros per month.
The political crisis can only be overcome by the return of principles to politics. Parties should clearly understand that their credibility is the key to their success, President Rumen Radev told journalists on the occasion of the upcoming elections...
Exactly 100 years ago, on the 12th of September 1924, St. Alexander Nevsky Cathedral was consecrated . The temple was built with public donations "in gratitude to the Russian people for the liberation of Bulgaria from the Ottoman yoke in 1878", on the..
The regional governor of Dobrich, Rumen Rusev, has sent the decision to hold a local referendum on the construction of wind farms back for further discussion. The Dobrich Municipal Council had decided that the local referendum should be held with..
Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
Bulgaria ranks second in the world in terms of bread consumption after Turkiey, reported BNT citing the Turkish news site Yenigün. According to the..
Before the start of the new school year, the ''Give a Book'' Foundation is collecting notebooks, plimsolls, pencil cases and backpacks filled with school..
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