Distribution of wealth

Labor, taxation and social welfare policies in countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers face increased uncertainty, a new World Bank study has said.

Istanbul, Turkey's largest city, had the highest income inequality in 2017, data from the Turkish Statistics Institute (TÜİK) showed on Sept. 24.

Some 3,500 Indians have started their Istanbul holiday paid by an Indian businessman, who was included in Forbes magazine’s list of billionaires. Click through for the story in photos...

Total private wealth held by people living in Turkey declined 6 percent in 2017, a recent report by the New World Wealth has revealed.

Greece comes second only to Venezuela on a recent list of countries that have seen their fortunes change dramatically in the decade from 2007 to 2017.

The income gap across generations in Europe has widened to the detriment of young people and without adequate policies, an entire generation may never be able to recover, the International Monetary Fund (IMF) warned on Wednesday, cited by The Brussels Times.

42 people have as much money as 50% of the world's poorest population, according to a study by Oxfam.

A renovation of a homeless homeless shelter was carried out. The activities cost a total of BGN 30,000, reports novini. 

This is what the director of the Crisis Center for Homeless people in the Zaharna Fabrika district of Sofia, Dragoslava Lundjova, told FOCUS.

The richest top 20 percent of society in Turkey received 47.2 percent of total income in 2016, marking a slight increase from the previous year, according to Turkish Statistical Institute (TÜİK) figures.

There were a total of 82,000 millionaire migrants that left for greener pastures in 2016, with Turkey one of the five countries witnessing the greatest such outflow, according to a fresh survey by New World Wealth.