We no longer offer the cheapest labor in the EU. With the increase in incomes, we have overtaken Hungary and Bulgaria is now second to last, Prime Minister Nikolai Denkov said at a Facebook briefing. The only thing that stops us for the Eurozone is the higher inflation in this country, since we started from a lower level of incomes.
At a meeting with president of the European Central Bank, Christine Lagarde, PM Denkov was told that "inflation is what Bulgaria needs to work on". We are discussing with the Minister of Finance what else we could do to reduce inflation faster. Some of our inflation comes from higher incomes in recent years, which are higher than inflation, but also because of the catch-up we have to do and the higher growth, which is one of the highest in the EU for 2023, the Prime Minister said.
In August 2025, Bulgaria’s annual inflation rate stood at 5.3%, same as in July, according to data from the National Statistical Institute. Monthly inflation in August dropped to 0.1%, compared to 1.7% in July. Inflation measured from..
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
Mostly Cloudy
Rain
Overcast, rain
Cloudy
Cloudy