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.
The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..
Mostly Cloudy
Partly Cloudy
Overcast, rain
Cloudy