Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria among the EU countries with highest inflation, trade unions call for wage increases

Photo: archive

Bulgaria has the sixth highest inflation in the EU. In April, inflation reached 14.4% year on year, whereas the EU average was 8.1%, reads an analysis by the Confederation of Independent Trade Unions in Bulgaria (CITUB) regarding the anti-crisis measures announced by the government.

Higher inflation was registered only in Latvia, the Czech Republic, Lithuania and Estonia. However, Bulgaria ranks second in the EU in terms of increase of food prices. Food prices in Bulgaria increased by 21%. Lithuania tops the ranking with a 22.1% increase in food prices. Food prices in France rose 4.3%. The average increase in the EU was 8.9%.

The trade unions insist that the government raises the minimum monthly salary and incomes to offset inflation. They expressed discontent that the increase of the minimum salary is absent from the package of the anti-crisis measures announced by the cabinet. 




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian National Bank building

Bulgarian National Bank lowers economic growth outlook

Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..

published on 7/20/24 10:26 AM

Bulgaria to ask European Commission to amend recovery and resilience plan

The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..

published on 7/18/24 12:10 PM
Andrey Gyurov

BNB wants the court and the parliament to rule on the case involving Deputy Governor Andrey Gyurov

Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..

published on 7/17/24 9:23 AM