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.
On Thursday , the lowest temperatures in the country will be between 5 and 10°C; in Sofia – about 5°C. It will be cloudy with rainfalls in the morning mainly in eastern Bulgaria. The weather remains windy, with moderate to strong..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the current law, it was supposed to happen from July 1, 2024. This means that on July 1, the Energy and..
Seventh-grader Kaloyan Geshev from the 125th High School "Boyan Penev" in Sofia became a three-time champion in mental calculation. He won first place at the Mental Calculation Olympiad, which was held online. Kaloyan scored 243 points and thus..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the..
Seventh-grader Kaloyan Geshev from the 125th High School "Boyan Penev" in Sofia became a three-time champion in mental calculation. He won first place..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
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