Send to Kindle
Photo: Stella Ivanova
Nearly 120,000 young Bulgarians are currently in debt, with enforcement cases filed against them. This information was shared by the Chamber of Private Enforcement Agents during a training session organized as part of the National Campaign "Managing Personal Finances and Credits – Basic Rules and Informed Decisions," BTA reports. The data highlights a concerning trend of decreasing debtor age in Bulgaria in recent years.
Of those affected, around 4,000 are aged between 18 and 20 years. In the 20 to 25 age bracket, the number climbs to 36,000. The largest group comprises individuals under 30 years old, totaling over 80,000.
This issue underscores the growing financial challenges faced by young people in the country and the importance of financial literacy and informed decision-making when managing personal finances and credit obligations.
Source: BTA
A recent survey conducted by the new sociological agency "Myara" has revealed that Bulgarians are generally more concerned about migration in Europe than within their own country
Three Bulgarians have been convicted of espionage charges in the UK, accused of working for Russian intelligence
According to a nationally representative survey conducted by Alpha Research, healthcare remains the top priority for Bulgarians
A new study by JTN, conducted among 1,860 Bulgarians, explores the factors shaping Bulgarian identity, national pride, and views on the country’s future
A recent survey conducted by the sociological agency "Myara" reveals that a significant majority of Bulgarians support strict regulations in schools
German authorities have uncovered a large-scale scheme involving Bulgarians and Romanians fraudulently receiving child benefits for non-existent or absent children
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Dimitar Georgiev, a Bulgarian financier and international market analyst, warned of potential economic catastrophe due to the immense financial burden caused by rearmament efforts across Europe, including Bulgaria
Bulgaria's economy showed notable growth in the final quarter of 2024, with a 3.4% increase in GDP compared to the same period the previous year, surpassing the initial estimate of 3.1%
A nationwide information campaign on Bulgaria’s adoption of the euro is set to launch this month
At the end of February, Bulgaria’s budget recorded a deficit of 1 billion leva (500 million euros)
After Bulgaria joins the eurozone, the rate of mandatory minimum reserves (MRR) for local banks will be significantly reduced
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
