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.
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a difficult time for Europe, a time when the world is changing rapidly, when it is more important than ever..
Bulgarian President Rumen Radev had a telephone conversation with Polish President Andrzej Duda ahead of the upcoming Three Seas Initiative Summit in Warsaw. Radev highlighted the importance and potential of bilateral industrial cooperation, including..
For the second year in a row, the Bulgarian Industrial Association (BIA) will today present its "Effectiveness of Economic Policy" index. The index identifies specific weaknesses in Bulgaria's economic policies that, if addressed, could improve the..
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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