Bulgarians Have BGN 138 B in Total Wealth - Study

Bulgarians Have BGN 138 B in Total Wealth - Study

The total wealth of Bulgarians is estimated at BGN 138 B, an analysis prepared by Industry Watch shows.

The analysis was presented in Sofia over the weekend in the frame of a seminar on financial stability.

According to the study, every Bulgarian has a wealth of EUR 8 000 on average. From the total wealth, homes are BGN 97 B while the remaining BGN 41 B are financial wealth - of them BGN 29 B are in savings.

Bulgarians are the poorest among other EU Member States, but ahead of Russia, FYROM, Serbia, Albania, Byelorussia and Bosnia.

The measurement of the wealth of Bulgarians includes bank deposits and cash, investments in retirement and mutual funds, in insurance products, shares and real estate property.

According to the study, Bulgarians tend to save more in times of crisis over job uncertainty.

There are also observed trends of higher interest rates on deposits, shrinking demand and postponement of major purchases such as appliances, electronics, furniture or a home./Source: Sofia News Agency/

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.