In 2022, Bulgaria had the second-highest increase in hourly wages among the EU members outside the Euro area, data of Eurostat show. In Bulgaria hourly wages increased with 15.5% year-on-year. Only Hungary reported a higher increase - 16.4%. The hourly wages increased the least in Denmark- 2.2%.
However, Bulgaria has the lowest hourly wage in the EU. The average hourly wage in the EU was EUR 22.90. The average hourly wage in the Eurozone was slightly higher-EUR 25.50, whereas the average hourly wage in Bulgaria was EUR 8.20. For comparison, the average hourly wage in Norway was EUR 55.60.
Bulgaria is going to the sixth early parliamentary elections in less than 4 years, and this hinders the constructive debate and the ratification of an important convention prepared by the International Labor Organization (ILO) and accepted by 44 countries..
On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and leader of the Bulgarian Communist Party, Todor Zhivkov, turned the first sod for the country's..
2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of border checkpoint crossings, caretaker Minister of Tourism Evtim Miloshev said. Yet resorts..
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute..
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the..
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