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.
A team of the international Red Cross visited a 25-member crew on board of the Galaxy Leader vessel, which was hijacked last year by the Iran-backed Houthi rebels and is docked in the port city of Hodeidah— a Houthi stronghold, AP reports...
The last sitting of the jubilee 50 th National Assembly of Bulgaria ended with a scandal at midnight last night. In the last hours before adjourning for parliamentary recess because of the election campaign, starting today, some MPs occupied..
Friday will be sunny and temperatures will rise during the day to reach 28-33°C, 29°C in the capital. Lows will be between 11 and 16°C, 11°C in Sofia. The Black Sea coast will be sunny with some fog in the morning. Air temperatures will be..
The Central Election Commission held a draw to determine the order in which the parties and coalitions will appear on the ballot for the early..
The first coordination meeting with the participation of all structures involved in the contract for the acquisition of Stryker combat vehicles for the..
Bulgaria supports the United Nations' mission of having humanity's future shaped by development policies and not by military conflicts, President Rumen..
Clear
Partly Cloudy