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Industry Watch: Bulgarians Financial Wealth Up by 11% Y/Y
INDUSTRY WATCH: BULGARIANS FINANCIAL WEALTH UP BY 11% Y/Y
Date: 15/12/2010
Source: novinite.com
Industry Watch: Bulgarians Financial Wealth Up by 11% Y/Y

Bulgarian households' financial wealth has increased by nearly BGN 4 B over the past year, according to Sofia-based consultancy Industry Watch.

Industry Watch's report "Personal Assets in Bulgaria: Financial Weatlh and Housing Market, Q3 2010" indicating that at the end of November 2010, Bulgarians' assets were worth a little more than BGN 38 B.

The Financial assets of the population have increased by 11% y-o-y due to the increased propensity of households to save. However, the report shows that the situation with the employment market in Bulgaria remains unstable, with the unemployment decrease under the course of the last couple of months being not a tendency, but a seasonal phenomenon.



Topic: Business



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Martenitsa
Martenitsa
Every year on the 1st of March, Bulgarians give each other 'martenitsas' - small figures made of ... More

The biggest city at the Bulgarian Black Sea coast, Varna is situated 470 km east of Sofia. In the course of more than 7 millennia, the Gulf of Varna has been the cradle of several significant civilizations - humankind's oldest gold was excavated in Varna, created by people who inhabited that place around the 4th millennium BC and long before the Thracians, Greeks, Bulgarians and Turks.

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