Bulgaria has the sixth highest inflation in the EU. In 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 anti-crisis measures announced by the government.
Higher inflation was registered only in Latvia, the Czech Republic, Lithuania and Estonia. However, Bulgaria ranks second in the EU in terms of increase of food prices. Food prices in Bulgaria increased by 21%. Lithuania tops the ranking with a 22.1% increase in food prices. Food prices in France rose 4.3%. The average increase in the EU was 8.9%.
The trade unions insist that the government raises the minimum monthly salary and incomes to offset inflation. They expressed discontent that the increase of the minimum salary is absent from the package of the anti-crisis measures announced by the cabinet.
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
+359 2 9336 661