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The government has set a poverty line for 2020. Its size will be BGN 363 - up with BGN 15 compared to 2019.
The amount is determined in accordance with the methodology for determining the poverty line for the country. The amount is calculated on the basis of the poverty line determined by the EU-SILC survey and the Price Indices of a Small Basket (PISB).
The poverty line is used in the development of state income and living standards, in the definition of specific social protection measures, and is the basis for determining the amount of financial support for people with disabilities.
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This was announced at a briefing by the Minister of Labor and Social Policy, Ivanka Shalapatova, after the government adopted the decision at today's meeting
In 2020, the poverty line for the country in total is BGN 451.
From January 1, 2020, the poverty line should be BGN 363 - this envisages a draft decree of the Council of Ministers defining the poverty line, published for public discussion on the website of the Ministry of Labor and Social Policy and the portal for pu
In 2018, the average monthly poverty line for the country is 351.
According to Plamen Dimitrov, president of the Confederation of Independent Trade Unions of Bulgaria (KNSB), a third of the Bulgarian population lives below the poverty line.
The official poverty line in Bulgaria is set to increase to BGN 300 in 2016.
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According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
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