EU Annual Inflation Slows in March 2024, Bulgaria's Rate at 3.1%
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
Bulgaria Workers Make 15 Times Less than EU Counterparts
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The average net salary in Bulgaria’s industry and service sector is 15 times lower than the average for the EU Member States. Photo by Sofia Photo Agency
The average monthly household income in Bulgaria is 8 times lower compared to the average for the EU.
The data belongs to Eurostat, the Statistical Office of the European Communities, and was presented during a national discussion forum for flexible security organized by the Confederation of Independent Trade Unions in Bulgaria (KNSB).
According to the Union's analysis the average net salary in Bulgaria's industry and service sector is 15 times lower than the average for the European Union Member States, while the salaries' share of the Gross Domestic Product (GDP) is one of the lowest in Europe - 36%.
The Unions propose encouraging small and medium enterprises, self-employment, common policy during salary negotiations, improving the work force's qualifications, high-end technologies and investments' increase.
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