In the first quarter of 2023, the average monthly salary in Bulgaria decreased by 2.5% as compared to the third trimester of 2022. Bulgaria’s capital Sofia tops the ranking with an average monthly salary of EUR 1,330.89, indicate data of the National Statistical Institute, BNR-Varna reported.
Sofia-district comes second with EUR 888.11, followed by Stara Zagora- EUR 882.49 and Varna- EUR 870.73.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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