Industry Watch: Bulgarians Financial Wealth Up by 11% Y/Y

Bulgarians' personal wealth increased by 11% in one year, according to Industry Watch, a Sofia-based consultancy. Photo by BGNES

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.

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