Bulgaria’s Economic Growth Outpaces Expectations, Inflation to Determine Eurozone Path
In the fourth quarter of 2024, Bulgaria's economy showed a stronger performance than anticipated
Some 48% of Bulgaria's 7.2 million people live in "material deprivation" with 7.8% of them being the so-called "working poor", AFP reminds citing an EU-wide survey.
according to Business Insider, an online news outlet which has run the story of AFP.
The author, Diana Simeonova, met Katia Kolesheva, a 49-year-old chemical engineer who falls into that category.
Together with her husband they manage to earn about BGN 950 (EUR 485), which should be enough for them and their son, aged 24. After paying their monthly installment and a loan on bills, only BGN 200-220 remain for food.
Telling their story, AFP also reminds that one in five Bulgarians is described as "relatively poor" by national statistics.
"Experts say that the situation is the legacy of successive governments after the end of communism in 1990 failing to implement reforms to make the economy more competitive and attract investment," Simeonova concludes.
You can read the full story here.
Brazen Bulgarian gangs "terrorise the elderly and rob them over their life savings with increasingly aggressive phone scams nettling millions of euros," according to an AFP story.
The prospect of US President Donald Trump's moving closer to Russia has scrambled the strategy of "balancing East and West" used for decades by countries like Bulgaria, the New York Times says.
Bulgarians have benefited a lot from their EU membership, with incomes rising and Brussels overseeing politicians, according to a New York Times piece.
German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.
The truth about Bulgaria and Moldova's presidential elections is "more complicated" and should not be reduced to pro-Russian candidates winning, the Economist says.
President-elect Rumen Radev "struck a chord with voters by attacking the status quo and stressing issues like national security and migration," AFP agency writes after the presidential vote on Sunday.
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