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The incomes of 64% of Bulgarians do not cover basic needs

A working person living alone needed 726 euros of net monthly income at the end of 2023 to cover basic needs. A three-member family of two employed people and a child needs EUR 1,307 per month, the Institute for Social and Trade..

31.01.24 12:19 |
Bulgaria’s Minister of Finance Assen Vassilev

National Assembly adopts the 2024 state budget at first reading

Despite the criticism, Bulgaria’s National Assembly adopted at first reading the 2024 budget. "We Continue the Change - Democratic Bulgaria", GERB-SDS and the Movement for Rights and Freedoms voted in favour.   Bulgaria’s Minister of Finance Assen..

12.12.23 09:37 |
Vazrazhdane leader Kostadinov

Vazrazhdane party submits in parliament 590,000 signatures for referendum to preserve the Bulgarian lev

The initiative committee supported by the Vazrazhdane party, submitted 590,000 signatures to the Bulgarian parliament for the poll on whether the Bulgarian lev should be the only official currency in Bulgaria until 2043 , BTA reported.  The aim is..

07.04.23 16:51 |

Trade unions call for adequate income policy

"The people are ready for a strike," Ognyan Atanasov - vice president of one of the two largest trade unions in the country, CITUB, has warned in an interview with BNR. He said that the trade union organization has called for a..

16.03.23 20:00 |

Inflation has brought prices in Bulgaria closer to the EU average

The expenses of Bulgarian households have risen dramatically. For a year, the sum needed for a family of three to cover the cost of living has increased by about BGN 366 (185 euros) and the necessary net monthly income reaches BGN..

24.01.23 14:00 |

Caretaker cabinet to submit draft budget for 2023 if MPs reach a consensus on a baseline budget

The caretaker cabinet will submit a draft budget for 2023, if the MPs reach a preliminary consensus on a baseline budget, President Rumen Radev said at a meeting with the President of the Confederation of Independent Trade Unions in Bulgaria..

11.11.22 16:24 |

Trade unions stage large-scale protest in Sofia

“There is a need to raise people’s incomes, because their cost of living has increased. End of story!”, contends Dimitar Manolov, President of the Confederation of Labor “Podkrepa”. Bulgaria’s two largest trade unions - the Confederation of Labor..

11.11.22 14:56 |
Caretaker PM Galab Donev

Bulgaria's caretaker prime minister and BSP leader clash over the income policy

The caretaker government cannot have its own policy on incomes, including their increase, and is obliged to follow the established policy, said Caretaker Prime Minister Galab Donev from the parliamentary rostrum in response to a question from BSP..

11.11.22 12:06 |

Dissatisfaction over low incomes and high inflation escalates in Bulgaria

A major strike organized by trade unions blocked the whole of Belgium a day ago and the situation in neighboring Greece is similar. Thousands of people protested there demanding wage rise. In Greece, the minimum monthly salary is 713 euros, but inflation..

10.11.22 13:46 |

Staple foods prices in Bulgaria are growing more and more unaffordable

The household prices of heating, electricity, water and gas in Bulgaria have gone up by an average of 40%, but the rise is steepest with the prices of staple foods like sugar, meat, milk, bakery products at around 10% during the last quarter of the year..

26.10.22 14:30 |
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