Crazy Prices in Bulgaria, What are they doing?
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- เผยแพร่เมื่อ 21 ส.ค. 2024
- Bulgaria has the Highest inflation out of all the EU Countries, It stands at around 12% for the year. Bulgarian's and Foreigners are not happy.
If the food has anything to say about it, then Bulgaria is in a lot worst state than the 12% that has been publish.
Bulgarians that are in Pension or living on the bread line are most at risk. Will this price hike stop any time soon or will it just keep raising.
So we will also will speak with Bulgarians and Foreigners that are being effect by this.
So I said that Would link those 2 amazing videos here.
1st one of form @RussellBrand this is very well explained about the massive profits still being made as all the prices where rising
• "Putin's Price Hike" B...
2nd one is from @principlesbyraydalio this video explains a little of what has happen in history and how it maybe repeating its self again today.
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Follow this link to see how you can help support my channel by subscribing to a membership:
/ @atasteofbulgaria
I live in the UK. I have been living here for the last 7 years. We can feel the inflation here and I am getting relatively good salary. I can't imagine how my parents are managing those price rises in Bulgaria... Its unthinkable.
We’re on the same boat. Problem’s that depending on a single source of an income might be dangerous as we’re developing a dependency on that main stream of an income instead of creating additional assets , using our biggest asset - mindset. Anyway , London’s always been pricey and finding side hustles or being an entrepreneur is essentially needed here.
PS. Fun fact:
Average wage in UK is about £3000 and a litre of petrol is about £1.95 , while in Bulgaria average wage is 1600 leva and price of the same litre goes above 3 leva a litre. Quick maths :
My purchase power through work valuation in UK would be about 1500 litres per month compared to only 1/3 of that in Bulgaria with about 500-550 litres per month.
Governments , any explanation?!!
Yes the old Generation are definitely struggling I think, especially those in the village that are not able to get to the supermarkets for the deals
@@ATasteofBulgaria haha ,lol!
It’s because they lack financial literacy.
But you go to their homes and if you digest the amount of money spent on useless stuff , you’d be shocked..
At least the uk is doing better than kosovo and germany they both have a higher rate of inflation
Inflation is world wide , everyone is struggling sadly
This is true, though it’s a lot more evident in Bulgaria as a lot more people already hoover just above the poverty line before the inflation started
Cuba vietnam south sudan vanuatu macau maldives gabon hong kong bolivia afghanistan benin seychelles china saudi arabia new caledonia malaysia oman united arab emirates liechtenstein japan bermuda central african republic switzerland equatorial guinea brunei ecuador taiwan eswatini palestine chad and bahrain dont have much of it
Hi Gareth - a Bulgarian chap here living in the UK. I usually do my groceries at Tesco's and literally just went there after watching your video and to be quite frank - the prices haven't or have barely changed over the last 3-4 years. All the products I usually purchase have remained at the same price for years - if there is a difference, then it's very minor as I haven't noticed it. I haven't lived in Bulgaria for almost a decade now and am shocked by your comparisons - one can only wonder how the working class make both ends meet..
That is totally crazy, proves there’s something not correct going on. I’m feeling very sorry for those pensioners and the ones on minimum wage too, they are really struggling at the moment
@@ATasteofBulgaria Yeah - I had a thought about it and came to the conclusion that they're only doing it because they know people will put up with it. People have gone through worst times - I'd still argue Bulgaria hasn't been in a better state since the fall of socialism and it's only going to get better. I can only imagine what would happen in the UK if such price increases take place - people would to the streets for sure - I still remember the amount of moaning people did when they started charging 5p for plastic bags in England..
Thanks for sharing this important information. Just subscribed. Must return to farming when I move to live near Tutrakan, North East Bulgaria.
This will be the best idea, with composting. And try to go back to nature
Farming in bulgaria is better than spain and bosnia dont know if thats not true or not
Hi Gareth.
There is so much to say after this (sadly) spot on video.
What I still find difficult to believe is how a bunch of evil, extremely powerful... lets call them beings, are manipulating everything so, so much.
It's not new, but they do have a real chance, I guess, to rule the world the way they want.
It's all so damn clear.
You are so right with trying to encourage small businesses. You've always been, as far as I'm concerned, since you started the channel.
Keep on going, Gareth, and let's try to awake people everywhere.
I really hope we can. Thanks for your support
Personally I buy two of everything now when I shop, because I know the next time I go it will be more expensive!
That is very clever thing to do
I live in Burgas and the "average" salary here is around 500-650euro a month. Most families of 1 kid struggle a bit and those with 2 i will say they need to be in debt to do their normal stuff.
I think inflation hits everyone no matter if ur lower/middle/above average etc..
I myself feel inflation quite a lot since i've been earning 1500euro a month salary in Burgas which is probably in the top 5% earners. Sadly i can feel the pain and thank god I live with my parents and we are only 3 people so we bring enough to pass the month and have some money set aside but i feel like they will be gone once the EURO begins.
A friend of mine owns multiple real estates in Burgas and he felt the pain of increasing goods because he earns somewhat around my salary from a couple of properties but still struggling. Maybe taxes increased I don't know.
All i know is that if you are 3 people in family you need AT LEAST 1250euro thats to supply every needs and not looking at prices when shopping. In 2020 and 2021 3 people in family used to spent on food roughly 15-20euro a day just food !. Now i believe its around 25-30euro which is a huge jump comparing to our salaries.
Properties gone in value a lot. In some of the most places to buy real estate prices went up by 20-30% even more. Last year on average in a very good locations properties were around 950-1050euro per square meter now its 1350-1500euro square meter this is insane jump.
Inflation is traditionally defined as too much money chasing too few goods. Covid policy has seen manufacturing and food processing businesses locked down whilst employees and owners have been paid to do nothing.
Green energy policy, rightly or wrongly, promotes the use of more expensive, less efficient, and less reliable fuel sources.
The EU gets a lot of gas and oil from Russia. In the 1990's an agreement was made between western countries and Russia that no country bordering Russia would join NATO. This has been broken several times, and there has been talk of Ukraine joining NATO as well as the EU. Why the west would provoke Russia with it's dependence on Russian energy is beyond me. Then it collectively sanctions Russia who who have a ready market for their energy and food in China, the Indian subcontinent, and the far east.
We've not had a time in living memory where western leaders have been collectively so poor; at least in all the major countries. What combination of incompetence and corruption they are displaying is something history will determine.
These are the crazy times we are living, who knows what’s going on behind the scenes
Western propaganda destroys all like kenya and egypt both are bad at some parts but some are good
I have lived in a Bulgarian Village for some time now and am learning from, the older folk how they prep. @ PENSIONER PREPPER Installing some solar panels because of the frequent power glitches.
Thanks nice idea
@@ATasteofBulgaria OCC Sofia sells Solar equipment the deliver it as well if you want.
I have been using Wise for the last four years or so too and would heartily recommend them if you receive monies in foreign currencies and need to easily change them into local currencies.
Frankly I have found Kaufland expensive for the last couple of years and these days buy little from them and have sought out some smaller shops or markets for meat, fruit and veg etc.
They are very, for this I decided to promote them
Wonderful analysis Gareth. I lived in Sofia 1993-1995. What’s happening there now is sad but not as bad as when I lived there. Inflation was over 1700 leva per US dollar. Some small businesses refused to sell their products because they didn’t know how much it would cost to re-stock. People were committing suicide after the value of their life’s savings was reduced to almost no value because of hyper-inflation. I lived near Krasno Celo market and it was heartbreaking to see the retired babas looking through the trash bins for food that was too far gone to sell but still good enough to eat. Having more than enough for myself, I used to walk around my neighborhood and try to give them a 10,000 leva note so they could buy a few loaves of bread; maybe a few eggs, etc… Some of them were too proud to take a handout from a stranger, especially a foreigner. I tricked them by putting the money in a small copy of the Gospel of John. I had a small edge of the bill sticking out so they could see that there was some money in it. I didn’t want them to throw it away not knowing there was a gift in it. Actually two gifts. One for their stomachs and one for their souls. I will pray for your country. I look forward to seeing more of your very informative posts.
The concern is that things are getting worse not better. In Britain we have the worst British government in history. They blame everything and everyone except themselves. And the USA seems hell bent on taking on Russia and China. Dangerous days ahead.
@@derekbilston9290 I wish I could disagree with you but I can't. We're hoping we can put brakes on the madness in the November elections. When I think of the future I wish I lived in a small mid-western town where I could raise some small food animals and grow some fruit and vegetables. Maybe a few chickens for eggs. But I'm trapped in a large city where we have easy access to medical facilities. I remember when I was in Bulgaria, the best place to live to survive hyper-inflation was a small mountain village where you could barter with you neighbor. Cash wasn't as important as in the larger cities. Here's hoping for a change in direction in the near future. I can only imagine the last thing Bulgarians want is to go back to a communist government. Freedom trumps everything. Without it life on this planet is dismal at best. Unless you happen to be in the mafia or the ruling class. lol
@@georgecoran1912 the problem isn't socialism or communism. The problem is those people who run countries. The USSR collapsed because of bad government. Any system needs good people running it. I'm optimistic, but anything could happen.
@@derekbilston9290 I’m hopeful but not quite optimistic. I think the left here in the US are shocked at how far left the current administration has taken our country. I’m mystified that over 30% of democrats think they’re doing a good job.
I suppose if I’m not careful what I say, TH-cam will accuse me of posting misinformation. Whoever could even dream of that possibility. I guess we’re like sheltered, spoiled brats here in the US.
Thank you very much, very glad that you found it to be intriguing. That is a very sad and interesting story that you have there. I wasn't even aware of those times.
Uk resident here,prices for food,utilities and petrol are going up up up over last 6/8 month.. no wage increases,so life is more difficult.
In the process of organising a video that will compare the 2 countries on the same day. I think there will be a few surprises
My neighbor, an accountant, told me that in all prices of products, services, taxes there is a very high percentage of corruption, at the same time wages in Bulgaria have been a cartel agreement for 30 years... and whoever breaks it gets a "slap".
Thats very interesting information, thanks for adding it.
I’m Also doing a live online premier of my new video today 16:00 Bulgarian Time (EET) that I’d like to invite you to, It’s about my First experience in Sofia and a sleeper train from Varna
th-cam.com/video/xmUd2-FnKE4/w-d-xo.html
@@ATasteofBulgaria politician once said that there was a meeting of the opposition forces of Bulgaria in the early 90s and all the representatives of the western secret services about whether democracy in Bulgaria would be supported by the west. The response of the Western services was: we will not support you, we will work with Lukanov. "Why? Because the money stolen from the Bulgarian people from 1945 to 1989 is in banks from our circle, against their signatures. Doesn't it seem logical to you? And from a third person (rich) I heard independently: Why is it not commented that in at the beginning of the 90s of the last century, a decision was made that wages should be low here in Bulgaria. (?!?!?) By the way,... a very strange war... the more it progresses, the more certain circles make a profit.
Inflation is what it is.. But mostly can be avoided.. You just have to change your purchasing habits and it is easy to avoid.. Just stop spending and prices have to come down.. Its a simple equation.. Stop buying..!.. Go without.. And prices will ultimately have to fall.. Noone likes change that's why it gets that way.. Truth is. Use less. Go without.. Unless you need it don't buy it..
That’s a very good point you are making, a lot of people buy for buying sake, overconsumption as definitely help to get us where we are today
18:10 Brilliant analysis that hopefully will make people consider the bigger questions which is currently vital. Another, 10 out of 10 episode from A Taste of Bulgaria.
Thanks very much, and I hope your right.
By the decreasing population not really
Thank you for a well done analysis.
I'm planing to retire in Bulgaria, the homeland of my parents.
I live in Los Angeles, California and inflation here is through the roof! Our patrol here is $6.95 per gallon!😱
That is craziness, glad you enjoyed the video
we want to move to Bulgaria too, me and 350 other danish people :) We are conspiracy theorists and we love that Bulgarians are intelligent. We want to be able to be self sufficient as much as possible
That’s a little strange that you consider yourselves conspiracy theorists….maybe not the best way to introduce yourself into a community. Do you all have money to buy property. If you take over a village or neighbouring villages, each growing, taking care of animals you can have a good life.
@@ATasteofBulgaria when I read about Bulgaria and meet them here, they're very open minded. The majority of them are conspiracy theorists too, otherwise they'd vaccinate :)
Not sure they would like to be called conspiracy theorists though
Its been one hell of a living for poor people in Bulgaria. The economic is really f*cking us up
Yeah it’s totally out of control
Yeah, those whom never worked or not worked for several years living on I believe 7.20 leva a day social assistance? Most never go beyond a village shop and those must travel when their social assistance awaits at a bank, bus fares also gone up. The overall percentage rises over two-three years is staggering high and no where near the 12% that the Bg government claim. When I arrived Yambol, 2012, the average expresso cappuccino was 1.20 leva, now it’s 3.40 leva a 183% increase and many cafe staff remain working for tips, add a tip to that 3.40 leva.
Living for poor people are tough for el salvador and armenia too since theyre leva was 2.58 now its 7.10 but bulgaria is getting the worst of it
But for el salvador crime is their worst and for armenia its poverty
Hi Gareth
What is your personal history about living in Bulgaria?
How and why you make this decision
My Wife is Bulgaria, we have be together for 10 years, so I’ve been coming here on and off seems then. We decided to move here full time in May 2019. Been here sinces
Good video buddy 👍
Thanks very much
Yeah good job
yes, it affects our lives. and inflation is more than those 5-10 %..
A lot money, they are just playing it down in the media
New small communities need to form, not based on profit but for the good of the community.. sharing for free without gain..
This is exactly what needs to happen…we need to move away from centralisation
Thank you for sharing. Excellent analysis !
Thanks very much, I’m happy you think so
I also wanted this video to come good job dude
15:13 Yana is absolutely charismatic and I would appreciate an episode talking to her regarding the surely interesting life story including living in Sofia & her views on life / Human Condition. If, Yana is that memorable in such a short time then I could easily listen to her talking for 90 minutes plus.
I’ll see what I can do, I’m sure in time we might be able to set something up 😉
Canada and uruguay have the same since catastrophic things happen in placido rocas albisu centre-acadie and linklater island full of shit conditions
And let me tell you both are awesome either way since they are rich friendly and often dont have issues with the world
It is very sad I visited Bulgaria this month..beautiful country but my observations is that grocery shopping is more expensive than UK
This is unbelievable also, especially when it goes to fruit and veg, as Bulgaria is able to produce its own, they are just not really allowed to as they have to purchase a lot from other EU countries
But hey at least its not as expensive as israel and moldova
1.You compare prices in red (on promotion) with white -regular.
2. Onions from 1 to 1,50 is 50% increase, but you could see prices then in 1,30 and now also 1,30 or even 1 ... So it is not a permanent increase but rather seasonal shifting up and down... But yes there is some increase anyway, but nothing like 50% or even 30% it is rather 20%, which for very cheap products is not so much ...
Tonga and barbados also have this onions there increase from 76-1.00 to 1.80-2.30 and they often shoplift we live in a tough world
Not only that but tonga is often poor and barbados is forgettable
Its happening in just about every country great video thanks for sharing 👍
Yes I know it’s everywhere though I think it’s hitting Bulgaria very hard, especially for those who are taking the minimum
It happens to wales and serbia heavily as well
Both also have a lot of drunks like i am right now
Hi, Bulgarian here, inflation is nowhere near as bad as presented here, most still remember the hyperinflation in the 90s, when you have to buy meat at 200 to 500% or more inflated prices, that if you even find it, that is when you have hyperinflation.
So you mean that what I presented was false. The clear price difference between the 12 months of footage is how it was. Where in Bulgaria do you live may I ask?
I have just come back from Bulgaria and was very surprised at just how expensive the country was. We had been led to believe that Bulgaria was relatively cheap compared to the UK and with some items it was, but the vast majority seemed at least as expensive and often more so. There had also been many articles on the BBC and in British newspapers complaining about the effects of Brexit on prices in the UK but inflation seems, if anything, even worse in mainland Europe.
Yes, it’s true….I just do a video comparing the prices
@@ATasteofBulgaria Thanks for the videos you put up, they are informative and helpful. There are, of course, many other reasons for wanting to relocate to Bulgaria, not the least of which is cultural. I currently live in the UK and the ongoing cultural collapse is not at all pleasant. Bulgaria, with its Christian Orthodox background, seems to have much more of a grip in this regard.
Petrol has pumped inflation up, everything gets transported by road here in South Africa
It’s crazy I know, everything is connected to that
Does south africa transport petrol to kyrgyzstan and bulgaria
thanks for the information. God bless!!!
You are very welcome, I’m glad you enjoyed it
I also enjoyed that information now i can stuff it in the important information
Excellent 👍
Thank you for taking the time to comment, it's appreciated. Cheers!
Fertilers prices are more than double, equals less grains and less silage. Less beef and dairy cows should be a result therefore more beef on the market at the moment. If correct beef prices should sky rocket near to Xmas? The price rises those are convenient for the implementation of the Euro. Although Ukraine, does play a big part in what is happening. Great video, love your presentation style, 👍👍
Thanks very much, appreciate the support, and glad you liked the video. Let’s see what will happen when the Euro comes
The cause of inflation is not fertilizer. The real reason is that Bulgaria's economy is embedded in the EU. Today you pay for a high standard of living in countries such as Germany, France and others.
Sad but there is a truth in what your saying
@@ATasteofBulgaria Yes, we await the Euro, and will that become reality? Higher prices are also just a cycle of higher wages. Simply cannot increase minimum wage and overall wages without employers passing that wage increase onto a consumer. Everyone, well almost everyone, wants something for nothing and the Euro, won’t be the only factor in sky high prices.
11:20
Wow thats a brilliant english from this young local
I will assume that’s a complement and tell him, he study English from an early age I believe
English is the hardest language for me to learn especially in ireland and sri lanka
you should make a follow up video of this for 2023
Yes I noticed the prices were rising when I went to the gym or when I go out to buy food... possibly because of the new government.
It may have a part to play.....as they have new friends now
I go out with my friends when im bored not everyday but sometimes i have fun but other times i get embarrassed because im scared of people
Groceries in Bulgaria are utterly expensive.
They are get out of control….but it’s going little by little, like the way you boil a frog
@@ATasteofBulgaria I can't comprehend how do people cope with so low wages vs living cost. I find it more expensive when compared to the UK
@@ATasteofBulgaria still recommend moving to Sofia?
Well I guess it kind of depends on your situation, work wise…accommodation etc
The supermarkets esp the German ones , rip of Bulgarians , the food is very poor as well, better to buy from the local markets ,
Inflation shouldn't be taken only as a number. Bulgaria experienced an insane rise in the Industry in the past few months. The working force is too small for the needs of the deglobalizing world and it puts a ton of pressure on the companies to staff their business. That's one of the biggest reasons the inflation is that big, in addition to the heating world economy of course
It’s very crazy all this now, not sure if it’s gonna get better
@@ATasteofBulgaria the inflation will settle at some point, both in Bulgaria and the world. We have some crazy prices in Western Europe too. Bulgaria though will need immigration or Bulgarians to get back to fuel the growth and I don't see either happening with the stupid (sorry for the word) nonsense Bulgarians love to repeat about how bad they have/had it in Bulgaria. So the economy will just stagnate a little bit more than what it is capable of once the world economy settles in the less globalized world.
@@huskytail Let’s go to Bulgaria! 🇧🇬🤗
Bulgaria is getting so expensive. Wonder what it will be like when they move to the euro. Shopping is more expensive than in many richer countries now. So a lot of the appeal of Bulgaria is fading. The cheap living, the original way of life. Weather 😩
I’m hoping that there is not too much change when the Euro comes, because the Lev has been pegged to the Euro for many years now so it technically should be an easy transition but let’s see
we still want to move there because Bulgarians know how to stand up for their rights :)
Bulgaria will end up like Greece when they join the Euro.
More like, what is the differance wetween ( a rumor & a conspiracy)?
The ruomor is information that is lacking in proof!
While the conspiracy is a VERY serious allegation, accusing of wrongdoing that MUST always be put under scrutiny! ; )
I dont know what this is trying to say but whatever
Its because of combination of bad government during PPs coalition including failures in the energetics,covid recovery and foreign debt plan also very bad price speculation practics implemented by the large retail stores in the country which can be esily proven by comparing the prices of the same products in different markets most of the times there could be 10 to 30 percent difference in the prices of the same basic stuff... So my advice is just to be more alert and never rely on the same market chain instead use at least 3 or 4 retail stores so you could be able to compare their offers and choose the best one online price comparing websites are also an option but they are not 100% accurate and the price could vary from store to store even if they are from the same brands.
Very Interesting info you add there...another reason for people to be Cautious
I’m Also doing a live online premier of my new video today 16:00 Bulgarian Time (EET) that I’d like to invite you to, It’s about my First experience in Sofia and a sleeper train from Varna
th-cam.com/video/xmUd2-FnKE4/w-d-xo.html
I havent bought oil in 2 months 😭
We had bought a few months ago….and try to use as little as possible
What can we say about the current crisis? That since the war in Ukraine, prices have increased everywhere in Europe? That our leaders have made bad decisions by being too dependent on one country for energy in Europe? That nobody expected a war that would affect the EU so closely? That our governments have liberalized the energy sector which gives the current situation? (the problem of the price of energy does not apply to countries that have applied a price ceiling like Spain or Portugal) Your videos on Bulgaria are interesting but I wish you would stay away from conspiracy theories... > refer "they want to kill the small business..." ; "conspiracy will come true"... PLEASE ! I hope now that this crisis will open the eyes of our leaders and make us less dependent on less democratic countries. Because the EU with 447 million people has to take the political power, not really took till now.
So, this is good news for the alcoholics.
But die easy because of their decreasing population
Bulgaria is kinda poor because of that
Conspiracy theory is now a fact. Meaning that there are people who learned how to analyze patterns better than others. Thus making better projections of the future. In lamens terms: Conspiracy theories is "I told you so".
Hahaha…we’ll said
Leave the EU before it's too late!!!!
I love Bulgaria and all Bulgarians.
I'm a Brit.
I’d probably have to agree with you there, being a Brit myself. And from what I’ve heard that the EC is doing to the exports and productions of this country. So they may start to attack the customs and traditions
Well bulgaria will leave if greece and saint lucia leave so one down another to go
Hope so thomas, greece is almost a financially dead state.
@@Thehorrorboat hope so thomas.
Me too greece cant fall this easily neither can bulgaria
Bitcoin standard....hard money. Buy some as a hedge.
Sad to know they have a decreasing population
It is an issue….but can be solved
Well they can always get their population up again it just takes time
With many Bulgarians coming back from other countries I Think it’s possible
make an effort to prounounce the name of the country properly, please