65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
In the first quarter of 2013 in comparison with the fourth quarter of 2012 the average monthly wages and salaries in Bulgaria decreased by 3.1% down to BGN 778.
The average monthly wages and salaries of the employees under labor contract in January was BGN 773, in February – BGN 766 and in March 2013 – BGN 796.
The flash data of the National Statistical Institute (NSI) was released Friday.
The highest decrease in wages and salaries was reported in "arts, entertainment and recreation" - 17.9%, in "education" - 10.1% and in "professional, scientific and technical activities" - 7.2%.
Compared to the first quarter of 2012, the average monthly wages and salaries in the first quarter of 2013 rose by 4.3%. The highest growth rates were recorded in "agriculture, forestry and fishing" - 21.7%, in "education" - 9.2% and in "public administration and defense; compulsory social security" - 6.5%.
The economic activities with the highest wages and salaries in the first quarter of 2013 were: "information and communication" – BGN 1 822, "electricity, gas, steam and air conditioning supply" – BGN 1 578, "financial and insurance activities" – BGN 1 447.
The lowest wages and salaries were recorded in: "accommodation and food service activities" – BGN 523, "administrative and support service activities" – BGN 526, and "other services" – BGN 555.
In comparison with a year earlier the average monthly wages and salaries in the public sector grew by 5.8%, while in the private sector - by 3.9%.
At the end of March 2013 the number of employees under labor contract increased by 10.5 thousands or 0.5% as compared to the end of December 2012, and reached 2.23 million. The highest increase was observed in economic activities "administrative and support service activities" - 5.7% and in "agriculture, forestry and fishing"- 3.8%.
The highest decrease of employees was recorded in "accommodation and food service activities" - 2.3% and in "construction" - 2.2%.
In the structure of employees by economic activities, the biggest relative share of employees was in "manufacturing" - 21.8% and in "wholesale and retail trade; repair of motor vehicles and motorcycles" - 17.2%.
At the end of March 2013, as compared to March 2012, the number of employees under labor contract declined by 24.9 thousands or 1.1%. The highest decrease in absolute figures was observed in economic activities "manufacturing" - 13.3 thousands and in "accommodation and food service activities" - 9.8 thousands.
In percentages the highest decrease was in "accommodation and food service activities" - 9.2% and in "construction" - by 5.6%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022