Bulgaria

2024 Bulgaria Global Money Week

GMW NATIONAL COORDINATOR:

  • Junior Achievement Bulgaria

PARTICIPATING ORGANISATIONS:

  • Ministry of Finance Bulgaria, Ministry of Education Bulgaria, UniCredit Foundation, BNP Pariba Personal Finance, 120 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 125

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 25 680

NUMBER OF ADULTS REACHED DIRECTLY:

  • 4 831

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 10 500

This year, Junior Achievement Bulgaria launched the "Global Money Week" 2024 on 18 of March, with official opening statement and the announcement of a drawing competition for children, from The Little Chief, Mammi.bg. The contest was for children up to 12 years old, and the task was to invent and draw a draft banknote - from an existing or invented currency. On March 19, a webinar was held - for parents, young adults and teachers, on the subject of financial literacy and how to speak about the topic of money in our families. There were several events and discussions on the topic of personal finances and securing our money. On 20 of March, a public lecture was held in the university of world economy in Sofia, with participation from the Ministry of Finance and the Bulgarian FinTech Association. On 18 of March a competition for high-school students was launched, where teams of young people were challenged to make video interviews with their peers on the subject of their personal finances and money choices. During the GMW, in schools all over the country, were organised innovation camps, where students worked on financial cases and had mentors and volunteers from financial institutions.

2023 Bulgaria Global Money Week

GMW NATIONAL COORDINATOR:

  • Junior Achievement Bulgaria

PARTICIPATING ORGANISATIONS:

  • University of Economics – Varna; Parichka.bg; Unicredit Bulbank; Ciela; IT. Schwarz; NATIONAL NETWORK FOR CHILDREN; malkisakrovishta.bg; Economic.bg; Dir.bg; Detskitegradini.com; cleverbook.net; Carrot-bg; Investor.bg; Bulgarian Business Leaders Forum; reshenie.bg; 365idei.bg; The Little Chef; Mammi.bg; Azbuki.bg; Sreda.bd; The Dots; Toplocentrala; BNP PARIBAS PERSONAL FINANCE; UNICEF; Fantastiko Orange; IKEA; LIDL; Happy; H&M; Post Bank; Pireus Bank; Ministry of Finance; Ministry of Education and Science; NFSG - city of Sofia, SU "St. Kliment Ohridski", city of Rakitovo, SU "St. Sophronius Vrachanski" Plovdiv; SU "G.Benkovski" Pazardzhik, SU "Sofroniy Vrachanski" Plovdiv, SU "St. Kliment Ohridski" Rakitovo; SU "Emilian Stanev", PMG "Vasil Drumev" 1 EG "Asen Zlatarov", PGASG "Angel Popov", American College "Arkus"; 31 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 75

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 43 614

NUMBER OF ADULTS REACHED DIRECTLY:

  • 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 44114

This year, Junior Achievement Bulgaria launched the "Global Money Week" 2023 on March 20, with the announcement of a drawing competition for children, from The Little Chief, Mammi.bg. The contest was for children up to 12 years old, and the task was to invent and draw a draft banknote - from an existing or invented currency. On March 21, there were several online discussions on the topic "Sustainable Personal Finances for All Ages". The "Youth Competition - Sustainable Personal Finance" was launched on 22 March, This is a joint initiative of JA Bulgaria and BNP Paribas. The competition challenges young people to use and further develop their digital skills as a tool for better and sustainable management of personal finances in the context of a specific situation. Teams of young people were challenged to develop a digital financial product prototype that meets specific needs. Another challenge, in partnerhsip with UNICEF Bulgaria was launched on March 23. This time, it was about a financial #Lifehack for high school students. The theme of this year's financial #LIFEHACK was "How I manage my money". Finally, on the last day of the GMW, a Student Competition Quiz hosted by the University of Varna was also held.

2022 Bulgaria Global Money Week

GMW NATIONAL COORDINATOR:

  • Junior Achievement Bulgaria

PARTICIPATING ORGANISATIONS:

  • Ministry of Finance, Ministry of Education, Financial Supervision Commission, University of Economics - Varna, Burgas Free University, Bulgarian Stock Exchange, 21 media organisations, 7 financial institutions, 115 schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 156

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 11,356

NUMBER OF ADULTS REACHED DIRECTLY:

  • 5,322

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 25,452

During the 10th edition of Global Money Week, Junior Achievement Bulgaria along with partners reached over 52,000 children and adults through national contests, innovation camps, webinars, open lessons, alternative teaching classes, games, talks, and more.

Financial literacy awareness sessions were offered to children, youth and adults, through both digital and in-person means. This was achieved through Junior Achievement Bulgaria's partnership with the Ministry of Education, the Ministry of Finance, the Financial Supervision Commission, the University of Economics - Varna, banks, and other public and private sector representatives.

High-level discussions, seminars, and other educational sessions were organised by teachers throughout the country. A total of 115 schools and 11,356 students participated in these initiatives in 2022.

Throughout the Week, young people, their parents and their teachers were able to engage in an educational webinar with speakers from the Ministry of Finance, the OECD and the Financial Supervision Commission. Junior Achievement Bulgaria supported with two nation-wide contests linked to this year's GMW theme "Build your future, be smart about money." A three-day-long innovation camp for high-school and university students was organised.

Furthermore, this year, JA Bulgaria led a parent/teacher survey on financial literacy and the ways to talk about money with kids. The results were later used to form a short digital guide for parents and teachers to inspire and support them on money matters.

GMW2022 got wide media coverage in local and national media outlets (incl. radio, newspapers, magazines, digital media).

2021 Bulgaria Global Money Week

GMW NATIONAL COORDINATOR:

  • Junior Achievement Bulgaria, Ministry of Education and Science, Ministry of Finance

PARTICIPATING ORGANISATIONS:

  • 150 schools, 5 banks, 20 companies

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 175

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 11,474

NUMBER OF ADULTS REACHED DIRECTLY:

  • 18,886

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 26,878

During Global Money Week 2021, Junior Achievement Bulgaria, the Ministry of Finance and the Ministry of Education and Science along with partners reached 11,474 children and youth through several digital activities such as webinars, open lessons, innovation camps, and competitions. High-level discussions, seminars, and other educational sessions were organised online with JA Bulgaria and partners.

2019 Bulgaria Global Money Week

LEADING ORGANISATIONS:

  • Junior Achievement Bulgaria

PARTICIPATING ORGANISATIONS:

  • 12 Media Organisations, 12 Universities, 148 Schools, 21 Non-Profit Organisations, 45 Companies, 64 Public Institutions, 79 Financial Institutions, Bulgarian National Bank

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 5 900

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 41 500

Junior Achievement Bulgaria
Throughout Global Money Week 2019, Junior Achievement, together with its partners, visited over 400 organisations, including schools, kindergartens, non-profit organisations, financial institutions, companies, universities, and public institutions. During the Week, financial literacy awareness sessions were offered for children, youth, and adults, including sessions on financial literacy activities, games, camps, lessons, and much more! High-level discussions, seminars, and other educational sessions were organised in "Angel Kanchev" University of Ruse. Throughout the Week, young people were able to visit the Bulgarian National Bank to explore the history of money. In addition, this year's students had the opportunity to participate in the national and international Countdown challenge.

2018 Bulgaria Global Money Week

LEADING ORGANISATIONS:

  • Junior Achievement Bulgaria

PARTICIPATING ORGANISATIONS:

  • Buglarian Stock Exchange (BSE), 1 media, 14 kindergartens, 17 universities, 20 financial institutions, 34 others, 56 non-governmental organisations, 7 business companies, 77 schools, 9 public institutions

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 4 120

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 33 374

Junior Achievement Bulgaria
4,120 students from JA Bulgaria programs participated in the Global Money Week 2018, including 70 schools from 38 regions in the country. The programme was fortunate enough to have 173 business volunteers who presented to young people various topics in the field of finance and financial literacy. The Week was opened by a presentation from a Citi volunteer, who explained the different professions one can have in the banking sphere. Among the leading initiatives organised by the Junior Achievement Bulgaria was a visit to the Buglarian Stock Exchange (BSE) for students, which took part place on the 13 and 14 March. On both days, the students opened the trading session by participating in the “Ring around the World” initiative. A short presentation on the history and the activities of the BSE Sofia, followed by a discussion with the students. In total, 13 innovation camps and 35 open lessons and workshops were organised during the Week. 27 visits to banks and financial institutions, 2 visits to local businesses, and 4 visits to money museums were organised. 900 students from the "G. Benkovski" Secondary School in Pazardjik participated in GMW2018, which was coordinated by the local teacher. Every day of the Week there were class events were organised, including an open lesson, workshop, lecture, financial literacy game, a bank/financial institution visit, and a bazaar of educational products.

2017 Bulgaria Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 5 500

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 200 000

Throughout Global Money Week 2017, JA Bulgaria, along with 69 schools, four kindergartens and four universities directly involved more than 3600 children and youth in 96 exciting events! GMW was celebrated with financial camps, competitions, financial challenges, lessons, workshops, lectures, visits to financial institutions, businesses and museums, exhibitions and online conferences!

Financial Literacy Day on 27 March opened GMW in Bulgaria. On this day, students took part in a budgeting challenge with guidance from mentors from financial institutions, and presented their solutions to juries consisting of high-level representatives from NN Bulgaria, Mastercard and UniCredit Bulbank.

Throughout the Week, young people visited a local museum and the money museum exhibition of the Bulgarian National Bank, where they learnt about the origin and evolution of money. The Bulgarian Stock Exchange (BSE) again hosted a group of upper secondary students from Veliko Tarnovo and Montana who had the opportunity to explore the history and functions of the Bulgarian stock market. The students also visited the Financial Supervision Commission and had a meeting with the Deputy Chairperson and Heads of  departments, who explained how the Commission functions. The various activities were supported by volunteers from over 100 financial institutions, government organisations and businesses. All events in the country were covered by local media in 30 cities.

The Financial Literacy Initiative Foundation (FLI) held a variety of activities throughout Global Money Week 2017, including two one-day workshops entitled “Financial Literacy for Youth – How To Teach It?” which was attended by 70 teachers in the city of Pleven. The focus of the event was to present active learning methods that can be used in teaching financial literacy. FLI also organised a visit to the Bulgarian Stock Exchange for 50 young people from Sofia University “Climent Ochridski” on 28 March. FLI and BSE experts discussed the financial market and different investment strategies with the students. Financial workshops and visits to financial institutions were part of the activities held for 50 schools all over Bulgaria by FLI. Younger students, including kindergartens, took part in activities such as making savings boxes and drawings. FLI also supported global GMW challenges, and helped the coverage of the Week via Bulgarian media.

Integra Bulgaria Association (IBA), together with its partners, also actively supported the Week, reaching 250 children and youth! The organisation arranged visits to Business Incubator Burgas and a meeting with the staff, where students could ask questions about everyday business operations. IBA also organised a brainstorming game which asked youth to envision their futures and create a saving plan for social entrepreneurship ventures, a 30-second video challenge called: “I am, I dream, I will become”, and poster-making sessions with the GMW 2017 “Learn. Save. Earn.” theme which were displayed in every participating Aflateen school. Finally, visits to the branch of the Invest bank were arranged courtesy of IBA, which, for 96% of the children, was their first entry into a bank office!

Additionally, schools in Bulgaria took part in all of the GMW2017 Challenges! The Selfie Challenge was won by the students from the Secondary School “Dimitar Blagoev”, Provadia, and the Video Challenge was won by Secondary School “Vela Blagoeva”, Veliko Tarnovo. Furthermore, a lecture for upper-secondary students on the characteristics of Bulgarian currency was delivered by an expert from the Bulgarian National Bank.

2016 Bulgaria Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

  • 119 School “Prof. Michail Arnaudov” (Sofia), Primary School "Dr Peter Beron" (Sofia), 139 School “Zahari Krusha” (Sofia), Primary School “Sofroni Vrachanski” (Vratza), 12 School "Ivan Assen" (Sofia), School "Georgi Benkovski" (Pazardzik), School "Prof. Noykov" (Yambol), School "Hristo Botev” (Kukorevo), School "Dr Peter Beron" (Yambol), School „Ilyo Voivoda“ (Kyustendil), Municipal Children Center (Sredetz), Occupational High School (Kubrat), III School “Dr. Ivan Selimanski” (Sliven), Sofia University St. Climent Ochridsky, Financial Company Elana Trading, NN Bulgaria, Provident, Consumer Online Center (Yambol) and Municipality Sredetz (Sofia)

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILMDREN AND YOUTH ENGAGED:

  • 15 072

TOTAL INDIRECT REACHED:

  • 13 000

The Financial Literacy Initiative Foundation (FLI), a new participant of Global Money Week in Bulgaria this year, organised several different events to celebrate. The FLI Foundation developed lessons and activity methodology for younger students devoted to the savings topic of the Week and distributed it amongst the relevant schools. Over 1450 young students from 13 schools and educational centers from all over Bulgaria took part in a variety of lessons and activities based on the FLI Manual “To Save: How and Why”. They played and they “drew” their dreams, and learnt how to finance them. The students commented that they really enjoyed the activities and now they are motivated to save wisely, to spend wisely and to fill their piggy banks to achieve their dreams. Some of the first graders showed an amazingly deep understanding of money, savings and setting goals. Furthermore, over 50 young people from Sofia University's Faculty of Economics and Business Administration attended a workshop named “Smart money management on the stock markets” delivered by the financial company ELANA Trading.

Junior Achievement Bulgaria also joined Global Money Week for the first time this year, and organised many different events with 27 of its partner schools and other educational institutions that implement JA’s programs and 21 other organisations. For instance, students in Sofia visited insurance company offices and the Bulgarian Stock Exchange, had lessons about banks with a bank officer volunteer, and students from arts and sports schools spoke with financial experts. JA also organised three competitions during the Week: an art competition for primary school students, a selfie competition for lower secondary and an essay competition for upper secondary school students. The art and essay competitions were announced on 1 March and the results were announced on 18 March. Moreover, a GMW media and social network information campaign was organised to promote the Week. The massive Facebook and Google AdWords campaigns exclusively targeted young people and their teachers to take part in the activities initiated by JA Bulgaria. In addition, a billboard campaign was launched in 15 locations in Sofia's city center. A television interview for the Bulgarian National Television, Channel 2, was conducted by JA Bulgaria representatives during one of the events and the news was broadcast in the evening news.

On 16 March, students from eight Bulgarian schools visited the Bulgarian Stock Exchange accompanied by representatives from the Foundation “Atanas Burov”. The students participated in a “Ring the Bell” ceremony and were then invited to two special lectures organised by the Bulgarian Stock Exchange – “The historic development of the capital market” and “The economic role of the capital market”. Representatives of Bulgarian general, business and financial media were invited to cover the ceremony.

The Integra Association continued to take a very active part in Global Money Week. This year, the Integra Association conducted the savings campaign “Participate, Save smart!", which ran for three consecutive days. To take part in the campaign, each school was required to register one to three teams of students, each composed of two to six students. Each team received a "challenge" related to the campaign slogan and then had two days to explore the environment, to offer a plan of an innovative solution formed as a presentation and to submit the presentation to the jury. The jury determined the best team who received an award at the international conference, received certificates of participation from CYFI, and was interviewed by a local businessman. Moreover, Integra organised a Training for Facilitators "Aflateen saving in school clubs" in Burgas during the Week.

The highlight, and the closing of this year’s Global Money Week in Bulgaria, was the International Conference on “Financial education as a lifeskill in Bulgarian and European contexts” on 21 March at the House of Europe in Sofia. The Conference closed the Global Money Week celebrations in Bulgaria and brought together international experts, representatives of governmental bodies, educational institutions, private sector and civil society representatives in the field of social and financial education for children and youth in Bulgaria. In collaboration with CYFI, the conference was organised by Aflatoun International and Integra Bulgaria Association, supporters from European Investment Bank Institute and Erasmus+, the National Network for Children Bulgaria and the Financial Literacy Initiative Foundation.

“We are happy to host Global Money Week for the second time and show the students the importance of having financial literacy in this highly dynamic world. Only with sustainable financial knowledge and financial education can the young people save money and invest smartly. This, in turn, will give them the opportunity to have a better and more favorable future.” Georgi Bulgarski, Member of the Board of the Directors, Bulgarian Stock Exchange, Sofia
“It is great to be part of the initiative Global Money Week and to be here at the Bulgarian Stock Exchange - Sofia. Learning from the financial experts is extremely beneficial for me. I am really excited to take part in this year’s financial event for the youth.” Simona Dimitrova, 18, student and participant, State Finance and Trade High School “Intellect”, Pleven
“I am really grateful for the opportunity to participate in Global Money Week 2016. Seeing first-hand what it is to work with financial mechanisms and meet the experts here on the Bulgarian Stock Exchange is an inspiring opportunity.” Hrisi Hristozova , 18, student and participant, State Finance and Trade High School “Intellect”, Pleven

2015 Bulgaria Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 10th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 41

Global Money Week 2015 witnessed Bulgarian Stock Exchange for the first time join major stock exchanges around the world in the celebrations by hosting an Opening Bell Ceremony on 10 March for a group of students from the National Trade and Banking High School in Sofia, where they had a chance to symbolically open trading at the bourse. After the official ceremony, managers of the Bulgarian Stock Exchange conducted a seminar about the history of the Bulgarian capital market and held a discussion and lecture on ‘The Economic Role of the Capital Market’.

“It is great that we can be part of the global initiative Global Money Week as well as to be here at the Bulgarian Stock Exchange -Sofia. It gives us the perfect opportunity to see real life experts and for them to give us examples of their experience. Having a better financial education is important and Global Money Week is great way to stimulate this and to engage young people.” Toma, 18 years old, student of Bulgarian Trade and Banking High School

Integra Association in Bulgaria also conducted a variety of activities for Global Money Week and Aflatoun Day on 17 March. These included an open day at the business incubator in Burgas, training for “Aflateen” students and their teachers, the establishment of the Youth Aflatoun Council in Bulgaria, and a training session for teachers and professionals working with children and youth to implementat the Aflateen model at schools and after-school clubs.

2013 Bulgaria Global Money Week

NAME OF THE ORGANISING ENTITY:

DATE OF THE EVENT:

  • 19th of March

PRESS:

  • fsc.bg
  • BTVnews.bg
  • 24 chasa.bg
  • dnevnik.bg
  • komentator.bg
  • focus-news.bg

Global Money Week in Bulgaria was celebrated on the 19th of March. For a day, the doors of the Financial Supervision Commission opened for everyone who would like to learn more about financial matters. Students from various schools visited the Financial Supervision Commission, where the chairman, Mr. Stoyan Mavrodiev, welcomed them with a speech.

With Global Money Week, the FSC presented and launched their new website www.tvoitefinansi.bg with the aim to educate young people about the non-banking financial sector and its mechanisms. To date, FSC is the only organisation in the country actively involved in educating people about the non-banking financial sector.

Tvoitefinansi.bg – the new website of The Financial Supervision Commission

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