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Bulgaria's government is planning to introduce financial education in secondary schools, Prime Minister Plamen Oresharski revealed.
The idea is part of a national strategy for increasing financial literacy, envisioned in the period 2014-2018, and will be implemented into the curriculum at various stages, Investor.bg informs.
"One of the reasons for the global financial crisis is the consumers' lack of understanding about some of the fundamental financial instruments and principles", Oresharski commented, outlining that cooperation between the financial sector, the state, and the non-governmental organizations is important for the educational campaign.
The educational methods will not be geared towards young people only. With the help of university professors, the government has also designed an informational brochure for elderly citizens, which aims to acquaint them with the mechanisms of avoiding fraudulent schemes.
PM Oresharski added that consumer protection is one of the central focuses of the government and expressed his hopes that amendments in the Consumer Protection Act will be voted soon.
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