Inflation has outpaced wage growth in almost all sectors of the Bulgarian economy and consumer prices have risen by 10% year-on-year. These are part of the conclusions in an analysis by the Institute for Market Economy.
Average wage growth in May and June on an annual basis was slower than consumer price growth. The rise in prices exceeded that of the average gross wage by 4% in May and by 3.2% in June, while in the cold months we are expected to see even higher prices for food, fuel and household bills. Only trade and administrative activities show faster wage growth compared to inflation. Large differences in remuneration between individual economic sectors also remain a problem.
The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common currency, the euro, both in the EU as a whole (74%) and in the euro area (81%). In Bulgaria,..
Despite the bad weather, dozens of children and their parents took part in an initiative for making toys for the Christmas decoration of the capital city. At the initiative of Sofia municipality, a workshop was put up in the square in front of..
The Democrats for a Strong Bulgaria (DSB) are to nominate the party’s leader Atanas Atanasov for president of the 51 st National Assembly...
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey..
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common..
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