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.
Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000) , in order to combat the shadow economy. However, his idea was not supported in Parliament,..
Sixteen major economic centres stand out in Bulgaria, covering a total of 132 municipalities. Nearly 80% of the country's economic activity is concentrated within them, indicate data of the latest study by the Institute for Market Economics. In 2018,..
The campaign for shopping at bargain prices, known as Black Friday, has been growing more and more popular in Bulgaria. By planning carefully and keeping abreast of the offers, consumers are able to purchase products at exceptional prices, say the..
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