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 international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable, confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'. the..
The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026. The draft law foresees a deficit of 3% and economic growth of 3.2% . Average annual inflation is expected to be 4.8 per cent and..
GERB and the Movement for Rights and Freedoms have presented conditions to Finance Minister Assen Vassilev and “We Continue Change – Democratic Bulgaria” coalition, after which they would support amendments to tax laws in the second..
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