Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Inflation to eat up income rise of Bulgarians

Photo: library

The 10 per cent rise of income in Bulgaria since the beginning of 2019 will be offset by the expected inflation growth, financial analyst Tsvetomir Tsachev told the BNR. According to him, the higher prices of utilities and goods, the incomes of Bulgarians would actually rise no more than 4 or 5 percent. The expert predicts four per cent inflation by the end of the year, as higher inflation is not excluded. It is no longer rational to invest in real estate, Tsachev says and adds that in coming years the past construction crisis will be repeated.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Minister of Innovation: There was video surveillance in more than 99.5% of the polling stations

Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..

published on 11/4/24 6:05 PM

17 drifting mines have been destroyed in the Black Sea since the beginning of the war in Ukraine

17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war in Ukraine until today. This was said by Fleet Admiral Velko Velkov at the opening of the Poseidon..

published on 11/4/24 5:45 PM

Bulgaria signs engineering contract for new nuclear capacity with Westinghouse and Hyundai 

An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities and the Westinghouse and Hyundai consortium . Within a year, the engineering design, worth between..

published on 11/4/24 3:14 PM