Text size

The average Bulgarian is not impoverished, industrialist Vasil Velev claims

published on 3/12/23 4:44 PM

Vasil Velev

Photo: BGNES

The average Bulgarian has not become poorer in 2022, Vasil Velev, Chairman of the Industrial Capital Association in Bulgaria, told BNR, quoting statistics. He explained that for some workers there is a higher wage growth, while for others the statistics do not show any growth at all. This also affects consumption. "The average Bulgarian has not become poorer despite inflation, unlike the average European, because on average in Europe incomes lag behind inflation," Velev says.

"Bulgaria's GDP for 2022 has grown by 3.4%, this is slightly more than expected. We have the highest export growth in the whole EU for 2022 - 38%. We also have wage growth outpacing inflation. For the last quarter in the private sector, average wage growth was 17.7% with inflation below 16%," Velev said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Industrial Capital Association poverty Vasil Velev

More from category

Moody's Ratings affirms Bulgaria’s Baa1 ratings, maintains stable outlook

Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..

published on 1/25/25 4:27 PM

Bulgarian National Bank places bonds with new short-term and medium-term domestic debt

On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..

published on 1/22/25 11:05 AM

Bulgaria will request a new report from the European Commission on its readiness to join the euro

Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..

published on 1/21/25 8:46 AM

WEATHER

Pick city: Sofía

Cloudy
Min: 0 | Max: 5

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..

published on 2/15/25 2:22 PM

Share