In 2020, 70,000 Bulgarians, or 1% of the population, owned 18.3% of the gross domestic product, which is equal to more than EUR 11.25 billion. In 2005, they owned 11.2% of the GDP, or EUR 2.4 billion. The wealth of the richest Bulgarians rose five times in the space of 15 years. In 2005, the richest 10% of the population owned 34.6% of the GDP, whereas in 2020, they owned 43.6%.
In 2020, 50% of the poorest Bulgarians owned 19.6% of the country’s GDP. Fifteen years later, they owned only 16.4% of the GDP. The concentration of financial resource in fewer people hampers economic growth and undermines competition, Lyuboslav Kostov, Director of the Institute for Social and Trade Union Research said for “24 Chassa” newspaper.
The thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity..
The demand for wine is growing rapidly in the world markets. This is according to the latest data. The reason is customers' preference for sustainable beverages. And there is a new trend in the wine sector - towards the integration of modern technologies..
A groundbreaking ceremony for a plant for the manufacture of photovoltaic panels and cells is to take place in the region of Stara Zagora by the end of this year. 15-20 hectares of land will be needed to build the plant and the investor has been..
Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its..
She is beautiful, young and educated and has the qualities for a successful career on the catwalk or in the advertising business! But..
Overcast, rain
Thunderstorms 
Occasional showers
sunshine, cloud, rain and thunder