Hourly Wages In Bulgaria Increased By 12.9% In 2019 So Far

According to preliminary data of the National Statistical Institute for the first quarter of 2019 the total hourly labour cost rose 12.9% compared to the first quarter of 2018. It increased in 11.4% industry, 13.1% in services, and 8.4% in construction.

The breakdown by economic activities showed that the highest annual growths in total labour costs were recorded in education – 17.9%, other service activities – 17.7% and real estate activities – 16.9%. 

The wages and salaries costs per hour worked grew by 12.7% in comparison with a year earlier, while the other (non-wage) costs rose by 13.8%. Among the economic activities in the first quarter of 2019 compared to the first quarter of 2018 the growth rate of wages and salaries component ranged from 18.3% in ‘Other service activities’ to 8.3% in ‘Construction’.

Read More

Serbia To Join Asian Infrastrucutre Investment Bank

 The Asian Infrastructure Investment Bank's (AIIB) board of governors has approved the membership application of Serbia, the lender said.

Bitcoin Price Reaches Record High For 2019

The Virtual Currency Bitcoin has reached a price of $ 6,124.10 today - its highest value in 2019 to date. Bitcoin rises 0.49% in the morning,...

Borissov: State Making Sure Future Generations Are Not Burdened By Debt

According to final data from the National Statistical Institute, in 2018 the institutional sector "General Government" reports a budget surplus of BGN 1 921 million,...


German-Kosovo Joint Venture To Invest 169 Million Euro In Wind Power

German-Kosovo joint venture SOWI Kosovo plans to invest some 169 million euro ($193 million) to install 30 wind turbines with a total...

Investbank Plans Capital Hike

Bulgaria's Investbank has said it plans to increase its capital by 10 million levs ($6.1 million/5.1 million euro) via a new share issue. The bank...

European Forum For Social Entrepreneurship To Be Held In Plovdiv

After the official opening ceremony of the Forum, Minister Biser Petkov presented awards for an innovative product. In addition to the distinguished...