In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry.
In construction, industry and services, no price changes are expected in the next 3 months, while retailers anticipate a slight increase, according to the National Statistical Institute. The general indicator of the business climate in May rose by 0.6 points in comparison to April, when it also rose by 1.8 points. The business climate for the fifth consecutive month since the beginning of 2024 remains above the long-term average and is now 25.4%. Industrial companies are having trouble securing orders, construction companies are complaining about rising prices of materials and customers with payment problems, while retailers are optimistic about sales, according to a survey among managers.
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
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