We no longer offer the cheapest labor in the EU. With the increase in incomes, we have overtaken Hungary and Bulgaria is now second to last, Prime Minister Nikolai Denkov said at a Facebook briefing. The only thing that stops us for the Eurozone is the higher inflation in this country, since we started from a lower level of incomes.
At a meeting with president of the European Central Bank, Christine Lagarde, PM Denkov was told that "inflation is what Bulgaria needs to work on". We are discussing with the Minister of Finance what else we could do to reduce inflation faster. Some of our inflation comes from higher incomes in recent years, which are higher than inflation, but also because of the catch-up we have to do and the higher growth, which is one of the highest in the EU for 2023, the Prime Minister said.
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
The total quarterly income on average per person in a household in the second quarter of 2024 was 1,644.32 EUR and increased by 20.5% compared to the same period in 2023 , NSI data show. At the same time, the average three-month..
Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years , according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it..
Bulgaria has today received its first delivery of natural gas from the new Alexandroupolis terminal in Greece. The facility has been in commercial..
On October 4, 1974, the construction of the Hemus Motorway from Sofia to Varna started. Back then, the chairman of the State Council and..
2024 is the best year since tourism statistics have been in existence – revenues, accommodation, number of tourists and tourist registrations, number of..
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