Nearly 27% of Bulgarian Households Live in Poverty

Business » FINANCE | July 26, 2012, Thursday // 15:59| Views: | Comments: 4
Bulgaria: Nearly 27% of Bulgarian Households Live in Poverty Photo by dariknews.bg

Nearly 27% of households in Bulgaria live below the poverty line, relying on a monthly income of less than BGN 205 per person, according to results of a survey of the Confederation of Independent Trade Unions in Bulgaria (CITUB) on prices and monthly allowances in June and in Q2, 2012.

The results of the CITUB survey indicate that around 600 000 families live in poverty and their number has increased by 3% from Q1, 2012.

During the reporting period, prices of electricity and heating steadily increased, the tariff increase reaching almost 11% for the whole year.

Monthly allowance per household member amounted to BGN 547 in June.

According to forecasts of CITUB, the monthly allowance will reach BGN 556 per person by the end of 2012 and the annual increase will amount to BGN 20.

CITUB predicts that by end-2012, the monthly allowance of a 4-member household will increase by BGN 80, the main reasons being the higher prices of electricity and the related price spikes.

"This will push up the inflation rate from the level of 1.9% in mid-2012. We believe that the inflation rate will approach 4%," said Plamen Dimitrov, CITUB President.

In the period March-June 2012, prices of cooking oil, electricity, clothing and shoes and healthcare services went up.

Meanwhile, the increased productivity in sectors like pharmaceuticals and tobacco products did not lead to a growth in workers' payments.

"Metal ore mining registered a 17% increase in industrial production, which was accompanied by a 6.4% growth in employees and a mere 2.9% real wage growth," Dimitrov noted.

Finance » Be a reporter: Write and send your article
Tags: Confederation of Independent Trade Unions in Bulgaria, CITUB, Plamen Dimitrov, household income, poverty line
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (4)
#4
sa-sha - 27 Jul 2012 // 17:13:40

"46 million American receive FOOD STAMPs"-----Food stamps as the "necessary lifeline" for people in the World Democracy №1?
"50% of Americans don't pay taxes!"---Really? US Tax Policy Center data (2009) show 17%.....
"ILLEGALS are eligible for FREE healthcare and subsidized housing"---
Myth №3: http://blog.chron.com/immigration/2008/01/illegal-immigrants-on-welfare-fact-or-fiction/
"The Muslim brotherhood is asked to patrol the streets of Chicago"---
to patrol separately or together with the KKK?

#3
dulo - 27 Jul 2012 // 06:21:56

yea is very sad, i don't have any children myself but with my taxes im feeding a whole bunch of lazy people.

#2
Mitko Pitko - 27 Jul 2012 // 06:07:09

46 million American receive FOOD STAMPs, 50% of Americans don't pay taxes! All ILLEGALS are eligible for FREE healthcare and subsidized housing.
The Muslim brotherhood is asked to patrol the streets of Chicago to keep the peace!!!!

#1
dulo - 26 Jul 2012 // 22:13:18

Аз мисля че е доста повече от 27%, но какво може да се очаква от една продадена земя. Планът е да не се образова новото поколение и да сме работници за ефтинно. Цар фердинант е от друга династия и цар семион на боклука и целият негов год. Без срам да иска земи от българия.

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