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 Supreme Administrative Court has overturned as unlawful the Central Election Commission's refusal to register the Movement for Rights and Freedoms - New Beginning coalition (one of the two factions of the DPS) for the 27 October parliamentary..
The Commission for Consumer Protection has ordered the immediate withdrawal from the market of two products known as energy sniff, which are inhaled through the nose and are an alternative to energy drinks. The products have been identified as a serious..
With the votes of GERB, We Continue the Change (PP-DB) and the Movement for Rights and Freedoms (DPS), Parliament decided to extend by 180 days the negotiations between the Bulgarian Energy Minister and his Ukrainian counterpart on the sale to Ukraine of..
Bulgaria ranks second in the world in terms of bread consumption after Turkiey, reported BNT citing the Turkish news site Yenigün. According to the..
Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
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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