Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
H&M has hit back at campaigners alleging the brand is falling short of its responsibility to protect workers in its supply chain through compensation, despite the retailer announcing last week almost 1m workers are benefiting via its fair wage strategy. Clean Clothes Network launched an attack on H&M today (24 September) in which it said many of the brand's apparel makers are living below the poverty line. It claims workers in India earn a third of the estimated living wage, while workers in Cambodia earn less than half.
Workers at H&M's "gold supplier" in Bulgaria, it alleges, "are not even earning 10% of what would be required for families to have decent lives" forcing them to work overtime to cover basic needs. It also points out factory faintings were a "daily occurrence" in Bulgaria. The campaign group calls for "transparent changes in the real wages of workers in H&M's supply chain - a roadmap with time-bound, measurable wage level increase targets, detailing how H&M will change their purchasing practices to make sure workers get a living wage." Speaking to just-style today, a spokesperson for H&M said while the group supported the campaigner's vision of "systemic change in the textile industry" and that textile workers should earn a living wage, it "did not share their view of the textile industry and how best to achieve progress".
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Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
In March, there was a significant uptick in Bulgarians traveling abroad, marking a 19.1% increase from the previous year, amounting to 679.1 thousand trips
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
The director of "SOF Connect," the airport's concessionaire, stated to BNR that Sofia Airport anticipates accommodating 7.4 million passengers this year
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022