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.
There is systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia. This is stated in the State Department's report on human rights in 2023, BGNES reported . The document refers to the beatings..
The Bulgarian Academy of Sciences’ Institute of Solid State Physics is officially celebrating 50 years since the invention of the copper bromide vapor laser today. This laser is a Bulgarian invention, launched for the first time by Academician..
The caretaker cabinet of Prime Minister Dimitar Glavchev has an approval rating of 20% and a disapproval rating of 39%. Only 11% of respondents view positively the constitutional amendments regarding the caretaker government, indicate data of a..
In 2021, the value added of the EU’s information and communication technology (ICT) sector was equivalent to 5.5% of the EU’s gross value added: 4.7%..
After 4 years of investigation, the Sofia City Prosecutor’s Office has submitted to court the indictment against former gambling mogul Vassil Bozhkov,..
On Wednesday minimum temperatures in the country will range from 7 to 12° C., for Sofia 9° C. During the day there will be sun, with clouds over the..
Occasional showers
sunshine, cloud, rain and thunder
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