Since the Beginning of the Year Prices in Bulgaria have Increased by 3.5%

Politics » DOMESTIC | September 27, 2018, Thursday // 17:01
Bulgaria: Since the Beginning of the Year Prices in Bulgaria have Increased by 3.5%

Sofia. Since the beginning of the year, prices in Bulgaria have increased by 3.5%compared to the previous year, economist Prof. Boyan Durankev told Focus Radio. In his words, the normal annual price increase in an EU member state is under 2%. “There has not been such a jump in prices in years. It is not related to energy only and is not affecting the price of bread only, in recent years we have seen a sharp rise in housing prices, essential consumer goods, out-of-pocket payments for healthcare and education – the so-called informal payments,” Prof. Durankev commented, stating that the new toll system and higher insurance contributions, the concession of Sofia airport are all factors and conditions that push prices up. The flat tax system and low incomes, which were supposed to attract foreign investors, have led to unprecedented social stratification, he said. “There is 1% super-rich Bulgarians and over 60% struggling to survive day-to-day, it is strange to claim that stability and lack of change is a good thing,” he said.

Focus News Agency 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article

Advertisement
Advertisement
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