PRESS RELEASE

How Can Bulgaria Mitigate the Economic Impact of its Changing Demography?

September 18, 2013

World Bank launches its latest report on population aging in Sofia this week

In 1960, the median age of a Bulgarian was just over 30. In 2012, the median age was almost 43.  Today, only two European countries have populations that are older than Bulgaria: Germany and Italy.  By 2050, one in three Bulgarians is projected to be older than 65 and only one in two Bulgarians will be of working age.  Given this…

  • How can Bulgaria grow old without growing less?
  • How can Bulgaria avoid an increase in public debt?
  • How can Bulgaria ensure that the needs of elderly  people are met?
  • What can be done?

The latest World Bank report, Mitigating the Economic Impact of an Aging Population: Options for Bulgaria, provides some answers to these questions.

 Press are invited to the public launch event of this report, featuring Petar Chobanov, Minister of Finance, and Doerte Doemeland, World Bank Senior Economist and main author of the report.

WHAT: 
Public launch of Mitigating the Economic Impact of an Aging Population: Options for Bulgaria

WHERE: 
Sheraton Hotel, Sredetz Hall (5 Sveta Nedelya Square,Sofia)

WHEN:
Friday, September 20, 2013
9:30 a.m. – Welcome Coffee
10.00 a.m. – Opening by Petar Chobanov, Minister of Finance
10:15 a.m. – Mitigating the Economic Impact of Aging – Presentation by Doerte Doemeland, World Bank Senior Economist and main author of the report

Media Contacts
In Sofia

Ivelina  Taushanova
tel : (359 2) 9697 239

In Washington

Kristyn  Schrader-King
tel : (202) 458-2736

For Broadcast Requests

Natalia  Cieslik
tel : (202) 458-9369