In 2024, the poverty line in the country was €375 per month on average per person in a household. A total of 1,401,300 people, or 21.7% of the population, were living below the poverty line, according to the National Statistical Institute (NSI).
Compared to the previous year, the poverty threshold rose by 19.7%, and the proportion of the population living in poverty increased by 1.1%. The main factor determining the risk of poverty for the majority of the Bulgarian population is their economic activity and participation in the labour market. Between 2020 and 2024, the relative share of poor people aged 18 and over was highest among the unemployed, at 58.7%.
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a difficult time for Europe, a time when the world is changing rapidly, when it is more important than ever..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a..
A children's hospital for active treatment will open in Burgas by the end of the year, it became clear during the inspection of its..
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain
Overcast, rain