Bulgarian National Radio © 2020 All Rights Reserved

IMF: Inequality in Bulgaria keeps growing

Photo: library

According to Jaewoo Lee, Head of the IMF mission for Bulgaria, inequality in this country keeps growing.

As a measure to provide more resources for social spending, the Fund proposes increasing the maximum social security income without eliminating the flat tax of 10%. IMF experts, who have been in Bulgaria since February 4, have held a series of meetings with government officials, BNB experts, business and non-governmental organizations. The fund assessed the stability of the financial system and the state of the economy in 2019, announcing that stable, albeit more moderate economic growth is expected in 2020, as well.

Meanwhile, the National Statistical Institute announced that annual inflation in January was 4.2%, with a rise in prices marked in almost all goods and services.

More from category

90% of Bulgarian school-goers involved in distance learning

90% of school-goers and 96% of schools in Bulgaria are now involved in distance learning, according to Ministry of Education and Science data. Extending the school year is not inevitable and depends on how long the crisis measures due to the..

published on 3/30/20 10:47 AM
 Ekaterina Zaharieva

More than 700 Bulgarians around the world want to return to Bulgaria

Foreign Minister Ekaterina Zaharieva announced that more than 700 Bulgarians around the world have stated they want to come back to the country because of the coronavirus epidemic. 70 of them are tourists and their number has dropped after..

published on 3/30/20 10:05 AM

Arsenal arms factory re-opens with a minimum number of workers

Arsenal military factory which was the first plant in Bulgaria to have closed doors because of the coronavirus epidemic is re-opening today with a minimum number of workers. With a staff of almost 9,000, the plant is resuming operation with..

published on 3/30/20 9:43 AM