Genoveva Mihova, director of the Institute for Demography Studies with the ban Academy of Sciences announced that Bulgaria
ranks fifth in the world for its oldest population
There is a tendency for people aged between 0 and 14 years to decrease while the relative portion of the group of over 60 - to increase. People over 60 are 24% of the population in Bulgaria
, which shows that every 4th Bulgarian belongs to that age-group.
Young people who make up today`s working force are almost twice less than those who retire and that causes a shortage of working hand.