Nationwide Strike Grips Greece: 24 Hours of Transport Paralysis
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
The average monthly wage in Bulgaria will exceed BGN 1,000 in 2017, forecast experts of UniCredit Group. The forecast was made at the financial forum Euromoney in Vienna, reported BTA.
Economists expect the average monthly wage to increase to BGN 1,039 in 2017 and reach BGN 1,125 in 2018. According to data of the National Statistical Institute (NSA), at the end of 2016, the average monthly wage in the country was BGN 954.
According to analysts, Bulgaria’s economy will grow by 3.6% - or an increase of 0.1%, compared to 2016. The main engine of growth will be internal demand and individual consumption.
Consumption will be supported by an increase in salaries, while the creation of new jobs will drop because the shortage of labour already restricts growth in economic activity in certain sectors, stated the chief economist of UniCredit Bulbank Kristofor Pavlov.
According to Pavlov, households are more confident in the stability of their income and jobs, while banks wish to extend further credits. This, in turn, will improve the prospects of the residential construction sector, which could lead to more intense building activity and, thus, moderately higher prices of homes in 2017 and 2018.
The financial institution expects a 0.9% drop in unemployment in 2017 to 6.8% and yet another decrease of 0.8% in 2018.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
French President Emmanuel Macron has designated Varna as one of his favored travel destination
"Wizz Air" has unveiled a fresh route from Varna to London Gatwick Airport, marking an expansion in its flight offerings
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU