Bulgarian National Radio © 2020 All Rights Reserved

Salary in Bulgaria has marked 65-percent rise over 10 years, cost of living jumped 25 percent

Photo: BGNES

1232 euros are needed per month for the living of a 4-member household, with two parents and two children, according to data of trade unions in Bulgaria. For a four-member family living in the capital city of Sofia the sum rises to 1636 euros. For the past year, the cost of living for a family member has risen by 46.5 euros.

The average wage in the country covers 72 percent of the cost of living of a person. Only 30% of Bulgarians receive average or higher-than-average salary.

For the last 10 years, the cost of living in Bulgaria has increased by 25% and salary by 65%, data of the CITUB trade union show.


More from category

Average wages in Bulgaria differ over 4 times in different regions

Seven municipalities in Bulgaria surpass the capital Sofia in terms of the average wage, a study of the Institute for Market Economics shows. Although Sofia is the country's undoubted economic leader, the average salary in the capital is 795 euros,..

published on 2/14/20 11:37 AM

The Bulgarian currency is undervalued, says Finance Minister Goranov

The Bulgarian lev is undervalued, Bulgaria's Finance Minister Vladislav Goranov said, referring to econometric models for evaluating the exchange rates used by the IMF . Once again, Goranov has denied fears that the savings of Bulgarian citizens will..

published on 2/13/20 8:15 PM

Bulgarian business prefers to export to Germany and Turkey

38% of companies cite Germany as a country of interest in trade and partnership, according to a survey of the Bulgarian Chamber of Commerce and Industry. The Federal Republic is Bulgaria's largest trading partner. By October 2019, Bulgarian exports to..

published on 2/13/20 8:04 PM