IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
More than 2 460 000 Bulgarians or 34 % of the country's population live below the poverty line of BGN 295 per month.
This is revealed by the latest figures of the Confederation of Independent Trade Unions in Bulgaria (KNSB).
At the end of June, the cost of living for a four-member household (two adults and two children) in Bulgaria amounted to around BGN 2248 per month.
Thus, the cost of living for a member of a household stood at BGN 561.90 per month, which are needed to cover expenses on food, dwelling, healthcare, education and holiday.
The trend for the decrease of the cost of living was sustained in the second quarter of the year, the drop being 0.2 % compared to the previous quarter.
According to KNSB chairman Plamen Dimitrov, the number of people employed at the minimum wage increased by 2.4 % compared to the same period in 2014.
KNSB insists for the gradual increase of the minimum wage each year, reaching a level of 50-55 % of the average remuneration.
KNSB notes that the decrease of the cost of living in the second quarter is expected as there is a seasonal drop in the prices of foods and especially fresh vegetables as well as prices of heating, which decreased by 6.2 %.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A devastating incident unfolded in the Bulgarian town of Kazanlak as a fourth-grade student tragically lost his life in the schoolyard
As night descends, expect an increase and thickening of clouds across Bulgaria, with light rainfall anticipated in certain areas of Western Bulgaria
Angel Marin, who served as vice president of Bulgaria from 2002 to 2012, passed away today at the age of 82, according to an announcement made by his son, Simeon Marin
An alarming incident unfolded at one of Sofia's bustling intersections as an ambulance overturned, leaving chaos in its wake
The mayor of the "Izgrev" district in Sofia, Dr. Delyan Georgiev, announced the completion of the new nursery located within the residential complex of "Iztok"
A young woman from Great Britain is fighting for her life after a tragic ski incident in the popular Bulgarian resort of Bansko.
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion