Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

Eurostat: Bulgaria has the lowest hourly wage in the EU

Photo: Alami/ Reuters

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. 

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria issues bonds to repay debt

Bulgaria has sold €2.3 billion in bonds on the foreign markets with repayment terms of 7.5 and 12.5 years, Minister of Finance Assen Vasilev has reported. "The emission was extremely successful. There was nearly 3 times more supply..

published on 11/7/23 10:56 AM

Preparations for adopting Budget 2024 have started

At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024. Minister of Finance Assen Vassilev expects inflation to be..

published on 11/6/23 1:30 PM
BNB building

For third consecutive month BNB raises base rate

On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79 %. The base rate in October was 3.64%, and in September 3.53%.  Interest rates have been going up since the end of September 2022 when..

published on 11/1/23 8:33 AM