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.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
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 Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023