Sofia with Record-High Economic Indicators and European Look
Thursday, 29 December 2016
The motto of Bulgaria’s capital Sofia is Ever Growing, Never Ageing. According to some of its citizens though, it is growing, yet living conditions have not improved and the city has not become more attractive. However, a short stroll across Sofia’s streets and avenues and a quick reference to recent statistics show that things look different. Sofia is not only Bulgaria’s biggest city with a population of nearly 2 million people. It is also an economic, cultural and political center. The city has been subject to constant modernization in the recent years and has become more attractive and convenient. Indeed, its infrastructure and population have not been ageing. Moreover, Sofia is a relatively wealthy city as compared to other Bulgarian cities. In 2017 Sofia’s budget will exceed EUR 600 million which is more than the annual state subsidies for defense and security and nearly five times more than the budget of Bulgaria’s second largest city Plovdiv. This is due to a great extent to the rapid development of the local economy. The generous salaries offered in Bulgaria’s capital city and the abundance of available job positions attract every ambitious, skilled and qualified young Bulgarian from the countryside. That is why the second part of Sofia’s moto (Never Ageing) is absolutely true. That statement also concerns the city’s infrastructure.