Bulgaria has the sixth highest inflation in the EU . I n April, inflation reached 14.4 % year on year , whereas the EU average was 8.1%, reads an analysis by the Confederation of Independent Trade Unions in Bulgaria (CITUB) regarding the..
The World Bank predicts that global consumption will contract due to the crisis stemming from the war in Ukraine. In this situation, the Bulgarian society is expecting adequate policies aimed at protecting people from becoming poor...
The monthly inflation in Bulgaria in April has been estimated at 2.5%, as the prices of food products and non-alcoholic beverages rose by 4.5% . The main upward pressure on inflation in April was exerted by the prices of clothing and footwear, which..
Gas prices are expected to rise on a one-off basis due to the halted supplies from Russia, but they will be offset by alternative supplies, according to European Commission's latest spring macroeconomic forecast for Bulgaria . Energy prices..
Incomes should increase with at least 12%-15% on an annual basis, so they can reach decent levels. In five years, the average monthly salary should reach EUR 1,685 and the minimum salary shold amount to EUR 870, the President of the Confederation of..
Pessimism among Bulgarian consumers grew in April, statistics show. Confidence has decreased by 4.9 points since the beginning of the year, according to a study by the National Statistical Institute. Bulgarians point out that in the past 12 months..
Bulgaria’s Minister of Labor and Social Policy Georgi Gyokov proposes raising pensions as of July 1. The increase will follow the so-called “Swiss rule”. According to Minister Gyokov, all pensioners should also receive a monthly supplement to the tune..
Bulgarian Prime Minister Kiril Petkov's two-day working visit to the United States begins today. At the invitation of Munich Security Conference President Christoph Heusgen , he will participate in a Munich Leaders Meeting in Washington, the..
The net monthly income needed to support a working person in a one-person household in Bulgaria reached BGN 1,216 (621 euro) in March . This is BGN 157 (80 euro) more than in March 2021, according to the data of the Confederation of Independent Trade..
Today we mark the International Workers Day, also known as Labor Day. According to Dimitar Manolov, President of the Confederation of Labor Podkrepa, the war in Ukraine, inflation and the energy crisis are the biggest challenges for the Bulgarian..
