Lessons from Lithuania: How Bulgaria Can Manage Prices and Boost Savings with the Euro
Kēstutis Kupsys, vice president of the Lithuanian Consumers' Union, shared insights from Lithuania’s experience with euro adoption
For many in the European Union, summer means rest and travel. But 28.3% of the EU population over the age of 16 could not afford a one-week vacation away from home in 2018, according to Eurostat data released today.
In 2013, this share was 39.5%.
Among the 28 Member States, the largest number of residents in such a situation last year were in Romania (58.9%), Croatia (51.3%), Greece (51%) and Cyprus (51%).
On the back of the scale are Luxembourg (10.9%) and Sweden (9.7%).
For Bulgaria, the percentage of people who have not been able to afford a holiday is 30.5 percent. It is also noted in our country that it registered the largest decline in those unable to secure a one-week vacation - in 2013 they were 66.3%, and the previous year - 74%.
Of the whole EU alone in Greece, this share has increased by 2 per cent over the same 5-year period.
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