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Bulgaria household wealth growth outpaces inflation
19:59 Thu 31 Jul 2008 - dnevnik.bg
 

Financial wealth of Bulgarian households stood at over 32 billion leva by mid-2008, up 23 per cent year-on-year, local market research outfit Industry Watch said.

The financial assets of Bulgarian households are growing at a rate faster than the inflation, which has been reported at 15.3 per cent.

Housing is the dominant asset category in the wealth of urban households. It is up 72 per cent over the last two years to 143 billion leva.

Some 90 per cent of household savings are sheltered in bank deposits or held in cash, Industry Watch economist Krasen Yotov said.

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Comments
 
Comments by Dianne Hatton - 09:05 01 Aug 2008
yep, its true. But it forgets to say that 2% of the population of Bulgaria hold 98% of the wealth. The other 98% are struggling with NOTHING !!!!!!!
 
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