According to data of the Confederation of Independent Trade Unions in Bulgaria, in the first quarter of 2019 the cost of living of a four-member Bulgarian family amounted to EUR 1,249 or EUR 312 per capita, which is EUR 16 more as compared to the same period in 2018. The salary continues to be the main source of income in the Bulgarian households- an average of EUR 580 per household. The purchasing power increased with 6.4%. The gap between lowest and highest salaries is widening and now the biggest wages are 5.9% higher than the minimum salary. As a result, social inequalities increase and the middle class has disappeared. According to the proposal of CITUB, the salaries must increase between 12% and 15% on an annual basis and that in 2020 the average salary in Bulgaria must reach EUR 971 and the minimum should reach EUR 460.
“We Continue the Change” (PP) highlighted corruption as one of the main shortcomings of the hundred days of government of GERB, “BSP – United Left” and ITN. PP has not cancelled plans of filing a vote of no confidence after Bulgaria..
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
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