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.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
Partly cloudy, chance of snow