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Bulgarians Are the Poorest in Europe

Date: 08.08.2011

42 % of the Bulgarians have financial problems vs. 8 % in the EU

Bulgarians remain the poorest in the European Union. Poor in Bulgaria are 41.9 % of the population, which is shocking data compared to the average EU rate (8.1 %). One of the recommendations of the Council of Europe on Bulgaria's national programme for reforms in 2011 is in regards with poverty level. According to the available information lifestyle conditions in Bulgaria have worsened in the last couple of years. Low efficiency of services hinders this country's growth, EU reports. In spite the recent changes made in the state administration the reform didn't touch the question for improving the quality of the work of the institutions as a whole and of the civil servants.

The energy intensity (i.e. efficiency) of the Bulgarian economy is one of the highest in Europe. The Council points out that the European Commission recognizes the compliance of the Convergence Programme, the National Reforms Programme and the commitments Bulgaria has undertaken on Euro plus pact with the rules and guidelines of the European Union. The European Commission believes the deficit should be reduced to under the referent value of 3 % of the GDP.

The Council also recommends the completion of the dealings contracted with the social partners on the started pension system reforms, the acceleration of some of its key measures which would facilitate the increase of the real age of retirement and the reduction of the early leave from the labour market.

Among others, the Council recommends the application of policies guaranteeing the increase of salaries being tighter-tied to the growth of labour efficiency.

on BTA materials

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