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Bulgaria's Sofia Countrywide Leader in Purchasing Power

Society | May 20, 2014, Tuesday // 13:29| Views: 798 | Comments: 0
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Bulgaria: Bulgaria's Sofia Countrywide Leader in Purchasing Power

Half of Bulgarians have grown poorer in the last 7 years, despite the country's EU membership, according to a recent analysis.

The economic situation in the Bulgarian cities of Kardzhali and Sliven is worsening, according to NovaNews.bg. In comparison to 2007, the actual debasement of income in the southern city Kurdzhali amounts to 33%, and in Sliven – 24%.

The capital city of Sofia and the nearby town of Pernik are the leaders in terms of purchasing power, having recorded an income increase of nearly 50%. However, there are regions in Bulgaria where people spend more than they earn, Expert.bg reports.

The Black Sea city of Varna has recorded an income growth for both companies and households. According to the business, however, the increased revenue comes with increased running costs.

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Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria