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.
President Rumen Radev gave the start to consultations with the parliamentary parties and coalitions before handing over the mandate for forming a government to GERB-SDS, which won the elections . At the beginning of the meeting with..
On today's Midsummer’s Day ( Enyovden ) when according to tradition, herbs picked at sunrise have the greatest healing power, the municipality of Kula and the national community center "Prosveta 1882" invite you to a culinary festival..
Evelin Banev-Brendo, declared an international wanted man, surrendered to the police this morning, the Ministry of the Interior informed. He disappeared after receiving a six-year effective sentence for money laundering. In..
Bulgarian Minister of Agriculture and Food, Georgi Tahov, participates today in a meeting of the EU Agriculture and Fisheries Council,..
Evelin Banev-Brendo, declared an international wanted man, surrendered to the police this morning, the Ministry of the Interior..
On Tuesday it will be mostly sunny before noon, with light to moderate east-northeasterly winds in the afternoon. Maximum temperatures will be between..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy