Inflation in Bulgaria in April has gone down to 0.3% compared to March and to 11.6% compared to the same month last year, the National Statistical Institute said. Year-to-date inflation (January 2023-April 2023) is 3% and the average annual inflation (May 2023 vs April 2022) is 16.3%.
In the first quarter of 2023, Bulgaria’s gross domestic product grew by 2% compared to the same period last year, and by 0.4% as compared to the fourth quarter of 2022. According to the forecast of the European Commission, Bulgaria’s economy will mark an annual growth of 1.5%. The quarterly average income per person in the household in the first quarter of the year was EUR 1,223 - 19.3% more than in the first quarter of 2022.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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