In 2022, Bulgaria had the second-highest increase in hourly wages among the EU members outside the Euro area, data of Eurostat show. In Bulgaria hourly wages increased with 15.5% year-on-year. Only Hungary reported a higher increase - 16.4%. The hourly wages increased the least in Denmark- 2.2%.
However, Bulgaria has the lowest hourly wage in the EU. The average hourly wage in the EU was EUR 22.90. The average hourly wage in the Eurozone was slightly higher-EUR 25.50, whereas the average hourly wage in Bulgaria was EUR 8.20. For comparison, the average hourly wage in Norway was EUR 55.60.
The Bulgarian Industrial Capital Association (BICA) insists on reforming the pension system and accelerating the rate of increase of the retirement age for men and women, as well as easing the administrative procedures for importing labour from..
The International Monetary Fund (IMF) has raised the forecast for Bulgaria’s economy growth in 2023, according to the institution's autumn report. In 2023, the Bulgarian GDP will be 1.7%, which is 0.3 percent more in comparison to..
House prices in the European Union increased by 0.3% in the second quarter , compared to the first quarter of 2023. In Bulgaria over the same period, house prices rose by 4.3% compared to the first quarter, European statistics agency Eurostat, published..
On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the banks in the..
The priorities for development between Bulgaria and Japan were discussed at a meeting in Tokyo by the Minister of Economy and Industry Bogdan Bogdanov..
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