Young Bulgarians keen to invest through online platforms
Europe has seen rapid growth in young investors, especially among Gen Z, who are starting to invest earlier than previous generations and it seems Bulgaria is no exception. According to a study by the fintech company Revolut, only 19% of Bulgarians between the ages of 18 and 24 do not invest, and 29% of them tend to take greater risks. Among adults over 55, however, 34% do not invest, and only 5% are willing to take more risks. An investment portfolio average for the Bulgarian markets seems to be around 4400 euro.
Young Bulgarians' investments are most active in bonds and money market funds, and Nvidia and the Vanguard S&P 500 are among the most popular choices.
Bulgarian EU commissioner to oversee startups
Ursula von der Leyen announced that Bulgarian candidate Ekaterina Zaharieva will oversee startups, science, and innovation in the new European Commission, a portfolio similar to that of her predecessor Mariya Gabriel. Von der Leyen emphasized the need to prioritize innovation in the EU's economic strategy. Zaharieva, a former Bulgarian Foreign Minister and vice-premier, will manage this key area, despite her prior experience seeming unrelated.
Her appointment continues Bulgaria's presence in this role, following Gabriel and her successor Iliana Ivanova. Zaharieva will face hearings in the European Parliament in the coming weeks, with support from her predecessors to prepare for this role.
Inflation under control
After a slight increase in June, inflation continued to decrease for the second consecutive month, reaching 2.1% year-on-year in August, according to the National Statistical Institute.
This is the lowest rate since April 2021, when inflation began to rise. The overall decline is driven by lower prices for automotive fuels and solid fuels, which have decreased by 4.1% and 6.9% respectively compared to last year. However, prices for many other goods continue to rise, with the highest increases seen in restaurant and hotel services (7.9%), education (6.7%), and alcohol and tobacco (5.5%).
Other categories, including food, are showing relatively normal inflation rates of around 2-3%.
Young Bulgarians keen to invest through online platforms
Europe has seen rapid growth in young investors, especially among Gen Z, who are starting to invest earlier than previous generations and it seems Bulgaria is no exception. According to a study by the fintech company Revolut, only 19% of Bulgarians between the ages of 18 and 24 do not invest, and 29% of them tend to take greater risks. Among adults over 55, however, 34% do not invest, and only 5% are willing to take more risks. An investment portfolio average for the Bulgarian markets seems to be around 4400 euro.
