Inflation has outpaced wage growth in almost all sectors of the Bulgarian economy and consumer prices have risen by 10% year-on-year. These are part of the conclusions in an analysis by the Institute for Market Economy.
Average wage growth in May and June on an annual basis was slower than consumer price growth. The rise in prices exceeded that of the average gross wage by 4% in May and by 3.2% in June, while in the cold months we are expected to see even higher prices for food, fuel and household bills. Only trade and administrative activities show faster wage growth compared to inflation. Large differences in remuneration between individual economic sectors also remain a problem.
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At the invitation of his German counterpart Annalena Berbock, minister Ivan Kondov participated in the meeting of foreign ministers of the countries of the Berlin Process. At the forum in Berlin, Kondov pointed out the importance of..
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Bulgaria has begun evacuating our fellow citizens who expressed a desire to leave Beirut following Israel's attacks on Lebanon. Some of the Bulgarians..
Some of the Bulgarians in Lebanon were evacuated on a government aircraft flight on Monday evening. The first group, consisting of 89 people, mostly..
On Tuesday it will be sunny and windy in most parts of the country. Clouds will develop in the northeast and along the Black Sea coast, where it may rain..
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