Despite the crisis over the Covid-19 pandemic, business and government spending on wages is rising. According to the National Statistical Institute, in the second quarter of the year the total costs per hour of work increased by an average of 9.9 percent compared to the same period last year.
In industry the rise is by 10.7%, in services by 9% and in construction by 6%. The highest growth of total labor costs is in the sectors of "Real Estate" by 24%, in "Education" by 19% and in "Mining and Quarrying" by 13.5%. The lowest increase is in the most affected by the crisis branch of "Hotels and Restaurants" by 3.4 percent.
A procedure will be introduced to exclude military expenditure from the inflation index, Bulgarian Defence Minister Atanas Zapryanov announced in Munich, BTA reported. Speaking at the Security Conference, the minister said that Bulgaria had been..
Addressing the crises facing the EU requires strengthening Europe's global competitiveness and ensuring security, President Rumen Radev said during a meeting with European Council President António Costa at the Munich Security Conference...
Bulgarians and Serbs from the towns of Tsaribrod and Pirot marched in support of the student protests in Serbia , reports BTA. "We want the students' demands to be met and we hope that there will be changes in Serbia," demonstrators from the two towns in..
The Bulgarian Ministry of Tourism will work to create a map of important, but hard-to-reach tourist and cultural-historical sites. The goal is then to..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The..
Minimum temperatures on Monday will be between minus 4 and 1°C. In Sofia it will be around minus 3°C. The mercury will hover between -3 and 0 °C in the..
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