In the past 3 months, the income needed to support 1 person has grown by 3.1%. On an annual basis the rise is 14.6%, according to the monitoring on consumer prices and wages by the CITUB trade union. The sum needed to support a working person living alone increases by 89 euros, and for a family of three by 160 euros. The net monthly income needed by a single person is EUR 697; for a family of three it is EUR 1,254. The inflation rate for essential goods reaches 25 percent and wages in the state budget have lost 6% of their purchasing power since the beginning of 2023.
2/3 of working people do not receive the money they need to live normally, CITUB economist Luboslav Kostov said. According to CITUB calculations, the minimum monthly wage should be 650 euros, not 390.
On Friday, morning temperatures will range from 10 to 15°C, with 10°C in Sofia. Rain is expected in the western regions in the early hours. During the day, skies will remain cloudy as rain moves from west to east, gradually easing in the afternoon with..
Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..
The President of the “Renew Europe” group in the European Parliament, Valérie Hayer, called on the European Commission to urgently send a mission to..
On Thursday, minimum temperatures will range between 6 and 11°C across the country. Along the Black Sea coast, they will reach 13 to 16°C , while in Sofia..
Legislative amendments banning individuals sanctioned under the global Magnitsky law from holding senior government or party positions will likely be..
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