Projects

“National Finansiada” is an educational initiative by DSK Bank aimed at improving the financial literacy of young people in Bulgaria. The initiative is implemented in partnership with the Financial Literacy Initiative Foundation. The first edition of the initiative will be held in the form of a competition between high school students aged 16–19 and their parents. Each team will consist of two people from the same family, who will have the opportunity to compete for a DSK Bank scholarship worth BGN 3,000 for the following academic year. To apply, teams must register on the competition website at www.finansiada.bg and complete an online test consisting of 20 questions. The test will be active from today until February 24. The 12 teams with the highest More>>>

Through the resource website www.finansizadeca.bg, access is provided to the guides for the programs “About Money and Other Important Things: First Steps” and “About Money and Other Important Things: Teen,”developed by the Financial Literacy Initiative Foundation with the support of NN Bulgaria. The programs have been used since 2015 in a number of Bulgarian schools and have been recognized as an effective educational innovation. They are based on the pedagogical approaches “Learning through Experience” and “Learning through Play” and consist of a series of activities—games, workshops, theater, and more. Through www.finansizadeca.bg, we aim to share what has been achieved with even more people—educators, parents, and More>>>

The website www.tvoitefinansi.bg, developed by the Financial Supervision Commission, is designed for consumers of non-banking financial services. It provides accessible and useful information about non-banking financial products, consumer rights, dispute resolution mechanisms, practical advice, case studies, and tests to check financial knowledge. Some of the most important sections include: “Financial Products” – types of insurance, investment products, pension and social security products “Easy Finance” – introduction to the capital market, insurance market, and pension market “Your Rights” – consumer rights depending on the type of financial product or service “If You Have a Problem” – guidance on resolving More>>>

The project “My Life, My Finances” aims to improve the financial literacy of upper-secondary students, a crucial skill as they transition to independent life. It is implemented by the Financial Literacy Initiative Foundation in partnership with Junior Achievement Bulgariaand experts from the financial portal “My Money”. The project is funded under the NGO Support Program in Bulgaria through the Financial Mechanism of the European Economic Area. A unique educational program on personal finance for students was developed as part of the project. It is taught by 16 trained teachers and covers 300 students from 11 cities in Bulgaria. The curriculum includes topics such as financial planning and budgeting, credit, saving and More>>>

IFG, as a subcontractor, is responsible for achieving the results defined in the project contract and ensuring their quality. The beneficiary of the project is the Insurance Supervision Agency of Montenegro, and the contracting authority is the European Union Delegation to Montenegro. The project started in November 2013, and over the eight months of implementation, IFG committed to the following activities: Assess Montenegro’s insurance legislation, existing supervisory practices, and disclosure requirements. Train the beneficiary’s staff (including practical support) in: General objectives and principles of financial analysis. Financial analysis in insurance. Prepare a manual and guidelines for financial analysis of insurers, More>>>

The project “No to Debt, Yes to Money” is a national program that gives everyone the opportunity to learn more about personal finance management through free trainings across the country. It is implemented by the Financial Literacy Initiative Foundation, the only non-governmental organization in Bulgaria focusing exclusively on financial literacy, in partnership with EasyCredit, a leading company in non-bank personal loans. The training program was developed by the Financial Literacy Initiative Foundation and covers topics such as creating a personal budget, credit and debt management, investments, savings, and insurance. The program is informative, practical, and engaging—it includes quizzes, games, and videos. In 2014, the program reached over 300 adult Bulgarian More>>>

This is a joint project between the Financial Literacy Initiative Foundation and Provident Financial Bulgaria, aimed at creating a specialized website for financial education: www.semeinifinansi.bg. The goal of the project is to improve financial literacy among Bulgarians by providing useful information in an accessible language on personal budgets, personal finances, and financial security. The content is presented interactively, and several personal budget calculators are available for users. Sections such as “Your Budget,” “Your Money,” “Education,” “Career,” “Business,” and “Resources” are regularly updated with useful materials written in an engaging way by the project’s experts. In the More>>>

  As part of the project, a tour will be carried out in four cities across the country—Ruse, Veliko Tarnovo, Varna, and Montana—with a student theater group from Kuzma Trichkov Secondary School in the city of Vratsa. The national tour responds to the high level of interest in this unconventional method of teaching financial literacy—through theater. The “Carousel of Money” theater production is part of the innovative financial literacy programs “About Money and Other Important Things” of the I Am Financial Literacy Initiative Foundation, implemented with the support of NN Bulgaria. The play represents an innovative educational approach based on the concept of a “lesson-performance.” Through it, students step out of the role of passive More>>>

Do you want to learn how to manage your money better and make it “work” for you? But… you don’t have time, and it seems complicated or boring? In that case, “Minute! Finance” is perfect for you! The short—around one minute—videos of “Minute! Finance” guide you through the world of personal finance in a simple and fun way. The project aims to reframe the field of personal finance in an engaging and accessible way through a series of short videos covering key aspects of personal finance management—budgeting, saving, and investing. [Link to all videos] The project “Minute! Finance” is implemented by the Financial Literacy Initiative Foundation and the website www.spesti.li. More>>>

What Is the Goal of the Project? The project aims to “map the field” of financial literacy in Bulgaria—identifying the main stakeholders and the various initiatives in the area. Project activities are grouped into three main directions: Creating a network (working group) of interested organizations from different sectors of public life. Developing an analysis titled “White Paper on Financial Literacy in Bulgaria”. Developing an online resource platform: www.finansovogramoten.bg. The creation of a cross-sector working group has contributed to higher-quality and more active dialogue and greater visibility of the efforts of stakeholders. At the same time, by systematizing existing initiatives in a publicly accessible database, the project aims to More>>>

25 financial games for teenagers across 10 thematic areas The project “About Money and Other Important Things” is implemented by the Financial Literacy Initiative Foundation with the support of NN Bulgaria. Within the project, a one-of-a-kind guide has been developed, containing 25 financial workshops across 10 themes. Teachers who wish to use the guide have the opportunity to complete training under a program approved by the Ministry of Education and Science (MES). Upon completion of the training, participants earn 1 qualification credit.For contacts: office@financialiteracy.eu. A demo version of the guide is distributed electronically through the website of the Financial Literacy Initiative Foundation – www.financialiteracy.eu, and through the More>>>

10 workshops for children: 25 games + theatre Our goal is to help every child believe in themselves and develop their potential, while at the same time learning important things about money and the world around them. See how we achieve this through our workshops in our video. The project “About Money and Other Important Things” is implemented by the Financial Literacy Initiative Foundation with the support of NN Bulgaria. Within the project, a one-of-a-kind guide has been developed, containing 25 active games and lesson-performances across 10 thematic areas. Teachers who wish to use the guide have the opportunity to complete training under a program approved by the Ministry of Education and Science (MES). Upon completion of the training, participants earn 1 qualification credit.For More>>>

financial literacy, children’s theater, Carousel of Money, innovative educational method The lesson-performance is an exceptionally effective and engaging tool for influence, engagement, and learning. It was piloted for the first time in the field of financial literacy by the Institute for Financial Literacy, and the results have been more than impressive. Through this approach, students move from being observers and listeners to becoming active participants and co-creators, which helps them more easily grasp knowledge related to key financial concepts. The lesson-performance “Carousel of Money” has been presented with great success on theater stages more than ten times in different cities across the country. At the same time, these lessons—short theatrical performances—have also been widely used More>>>

The Financial Literacy Initiative Foundation (FLI) is an expert partner of the Global Libraries – Bulgaria Foundation in the international project “Financial Literacy in Public Libraries”, funded under the Erasmus+ Programme of the European Commission. The project’s main goal is to increase the level of financial literacy among adults by using an innovative approach and harnessing the significant potential of public libraries as centers for non-formal education and lifelong learning. Through the project, librarians are supported in building competencies and skills to develop the financial literacy of older library users. As a result, comprehensive educational modules have been created, including a training course for librarian-educators, as well as financial literacy courses for More>>>