A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by 3.3% on a quarterly basis and by 4.6% on an annual basis, announced Plamen Dimitrov, President of the Confederation of Independent Trade Unions in Bulgaria, at a press conference where data on consumer prices and the living wage were presented.
A single working person needs a gross salary of BGN 1,960 (EUR 962). Data from February 2025 shows that 1,598,000 employed individuals, or 62% of all employees, earn less than the living wage. The average insurable income for full-time employees has increased by 7.8% year-on-year.
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..
The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member..
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