Banknotes and Coins in Bulgaria Reach Record Value of Over 30 Billion Leva
For the first time, the money circulation in Bulgaria has surpassed 30 billion leva
42 people have as much money as 50% of the world's poorest population, according to a study by Oxfam.
The organization has called for more active action to overcome the huge gap between super-rich and everyone else. It turns out that about 82% of the money generated in 2017 went to the accounts of the richest 1% of the population. And the poorest did not feel any growth in their income.
The figures also indicate that the Earth's billionaires have risen by 13% a year between 2006 and 2015. Only last year they have risen richer by $ 762 billion - enough to overcome extreme poverty seven times.
A curious fact is that there are 2043 billionaires in the world, with 9 out of 10 men.
"The concentration of such a great wealth at the top is not a sign of a thriving economy, but a symbol of a system that has failed millions of hardworking people on minimum wages that raise our food and sew our clothes," said Oxfam Executive Director Mark Goldring.
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026
Bulgarians allocate a significant portion of their savings to deposits, with 73% of their assets held in this form
Bulgaria's Acting Finance Minister Lyudmila Petkova stated that discussions are ongoing regarding the payment of a 100 leva (50 euros) Christmas supplement to pensioners
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
President Rumen Radev emphasized the stability of the Bulgarian National Bank (BNB), describing it as one of the most secure financial institutions in Europe
Preliminary data from Bulgaria’s Ministry of Finance indicates a slight reduction in the budget deficit for November compared to October
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