Allianz

Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which rose by 7.6%, offsetting a previous decline of 3.5%.

Individuals aged 60 to 69 could play a crucial role in alleviating the European Union's labor market challenges amid an escalating demographic crisis. A report from Allianz Trade indicates that with effective delayed retirement strategies, the proportion of this age group in the workforce could rise from 9% in 2023 to 14.2% by 2040.

Climate change will exacerbate the rise in health costs already expected due to an aging population, Allianz Research points out in a new report, while warning that the health systems of European Union countries are at risk of facing the "perfect storm" by 2035.

The U.S. Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

A recent report by Allianz Trade paints a bleak picture for Bulgaria's labor market, predicting a one-third decrease in the working-age population by the year 2050. This forecast, the worst in the European Union, highlights the significant challenges posed by demographic decline and migration trends.

Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade's latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising prices.

Bulgaria has the highest social risk in the European Union, according to the Social Resilience Index. It tracks 12 economic, social and political parametres in 185 countries around the world, said Allianz Trade, which produces the ranking.

The results of the study covered the period from early 2022 to September 2023.

Holidays in Greece and other southern European countries remain cheaper than rival summer destinations internationally, despite the fact that their costs have risen, with tourists preferring the region, Allianz Research noted in a report.

Therefore these countries remain the top choice for European travelers, it noted.

Insurer Allianz has invested more than 1 billion euros (around $1.1billion) since 2008, Tolga Gürkan, the chairman of the executive board of Allianz Türkiye, told Anadolu Agency.

Bulgarian high-tech company BIODIT wants to go out on the stock exchange. At an Extraordinary Shareholders Meeting on January 24th, it was decided that the company should prepare the documents for access to the Bulgarian Stock Exchange. BIODIT specializes in the development of the most advanced biometric access control and working time systems based on biometric identification.