Mika Zaykova, independent financial expert: 80% of people in Bulgaria live in poverty, only 5% have good income14 September 2017 | 13:04 | FOCUS News Agency
She estimated that this would mean about 40 to 50 levs more in the pocket of someone with a minimum income. In her words, this could also boost consumption. “50 levs do not look like a lot of money, but in a year it is still nearly 600 levs. To prepare a child for school this year costs at least between 300 and 400 levs. These two measures aim to increase people’s net income. Bulgaria has achieved economic growth of 3.6%, and the driving force of this growth is consumption. Consumption, however, does not create potential for economic development and does not create new jobs,” said Mika Zaykova adding that Bulgaria needs improvement in the business climate, as well as judicial reforms.
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