Text size

The average Bulgarian is not impoverished, industrialist Vasil Velev claims

published on 3/12/23 4:44 PM

Vasil Velev

Photo: BGNES

The average Bulgarian has not become poorer in 2022, Vasil Velev, Chairman of the Industrial Capital Association in Bulgaria, told BNR, quoting statistics. He explained that for some workers there is a higher wage growth, while for others the statistics do not show any growth at all. This also affects consumption. "The average Bulgarian has not become poorer despite inflation, unlike the average European, because on average in Europe incomes lag behind inflation," Velev says.

"Bulgaria's GDP for 2022 has grown by 3.4%, this is slightly more than expected. We have the highest export growth in the whole EU for 2022 - 38%. We also have wage growth outpacing inflation. For the last quarter in the private sector, average wage growth was 17.7% with inflation below 16%," Velev said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Industrial Capital Association poverty Vasil Velev

More from category

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM

Bulgarian household incomes outpace expenses in 2024: NSI data

The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..

published on 4/17/25 2:43 PM

The pig farming industry in Bulgaria is experiencing growth

The pig meat sector in Bulgaria is showing signs of growth. This was announced at the International Forum "Modern Trends in Pig Farming: Scientific, Market and Regulatory Aspects", held today in Stara Zagora. It was highlighted that 53% of the..

published on 4/15/25 3:18 PM