Prices For Goods In Bulgaria One Of The Lowest In EU

The prices of consumer goods and services in Bulgaria in 2018 were the lowest in the European Union. This shows an analysis of Eurostat. The data in it indicates that Bulgaria has the lowest prices in 6 out of 10 components that have been extensively researched.

In Denmark, prices were highest (138% of the EU average), followed by Ireland and Luxembourg with 127% each, Finland (123%) and Sweden (119%). At the other pole are Bulgaria with 51% of the EU average, Romania (53%) and Poland (57%). In neighbouring Greece, Turkey, northern Macedonia and Serbia, average EU prices are 84%, 43%, 48% and 54% respectively.

Prices of food and non-alcoholic beverages in Bulgaria rose to 74.8% of the EU average. This ranks Bulgaria 26th out of 28 countries, with cheaper prices only in Poland (68%) and Romania (65%). Denmark, with 130% above average prices, ranks first.

Аlcohol and cigarettes are the cheapest in Bulgaria (58% of the EU average), and in the penultimate places are Romania and Hungary with over 10% difference. This price group is the most expensive in Ireland (178%) and the United Kingdom (157%), followed by two Scandinavian countries – Finland (145%) and Sweden (127%).

The differences between restaurants and hotels that are more than 3 times, which is impressive. In this component, Bulgaria is also the last (47% of the EU average) to recorders Denmark (152%) and Sweden (139%).

Other sectors in which Bulgaria ranks on the last place are spending on clothing and footwear, home furnishings and transport services.

The data cover more than 2400 consumer goods and services and are part of the purchasing power program of the Eurostat and the Organization for Economic Cooperation and Development (OECD).

The price levels used are based on the concept of household spending, including rent, electricity, water or heating, but do not include health or education spending.

Read More

Egypt And Bulgaria Sign Tourism Agreement

Egypt and Bulgaria secured and agreement to join hands in strengthening and expanding the tourism sector between the two countries.

How Will 5G Benefit Bulgaria?

5G is the fifth generation of global mobile networks, designed to operate faster and with greater reliability than its 4G predecessor. Another...

Bulgarians In The Top Three Biggest Tourist Group In Turkey

Bulgaria have the third largest number of tourists who have visited Turkey in the first half of this year, according to new statistics from the Ministry...


Germany Considering Implementing 130 kmph Speed Limit On Autobahn

German highways, popularly known as autobahns, are famous for having no speed limit. But that could change soon, reported

An Increase Of 3.2% Of Bulgarians Going Abroad

Bulgarians made 653.6 thousand trips abroad in September 2019, up 3.2% compared to September 2018, the National Statistical Institute (NSI) said in a press release.

Revolut Enters Bulgaria And What It Means For Traditional Banks

Revolut now provides accounts in BGN, the Bulgarian currency, it became clear during the FinTech Summit, which took place in Sofia.