Bulgaria’s Minimum Wage Gains Ground: Purchasing Power Nears EU Average
Since the start of 2026, Bulgaria’s statutory minimum monthly wage has been set at 620 euros, the lowest in the European Union
Photo by itm-soil.com.au
The automobile supplier, Nexans autoelectric will set up an assembly facility in the Bulgarian city of Pleven, Investbulgaria agency informed.
Elektrokabel Bulgaria, a supplier of Nexans autoelectric group, will produce cable harnesses in Pleven as of the end of 2014.
The assembly facility of 5,000 sq.m. will be constructed within the course of the year. At full capacity, the plant will have space for about 600 employees in the fields of production, administration, logistics, quality assurance and process engineering.
"In choosing the location, we have taken our time for an in-depth analysis, and we are confident that we will be able to supply our customers already with high-quality products by the end of 2014," commented the responsible project manager, Michael Kroop, regarding the successful conclusion of the negotiations.
Nexans autoelectric develops and produces cabling systems and electro-mechanical components for conventionally-powered vehicles as well as for electric and hybrid vehicles.
With almost 7,000 employees in 23 locations, the group of companies supplies automobile and systems manufacturers worldwide.
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
Agricultural land prices across the European Union continued to rise in 2024, with Eurostat data showing a clear upward trend both in sales values and rental costs, although developments varied significantly by country.
Bulgaria is preparing to open new border crossings with both Serbia and Turkey as part of efforts to improve regional connectivity, the Cabinet’s press service reported
Bulgaria has emerged as Europe’s top exporter of black caviar, according to Assoc. Prof. Violin Raykov from the Institute of Oceanology at the Bulgarian
During the first eleven months of 2025, Bulgaria’s exports to countries outside the European Union reached 27.55 billion leva (€14.1 billion), marking a slight decline of 2.1% compared to the same period in 2024
Outgoing Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev addressed the issue of labor imports in parliament, stating that bringing in workers from non-EU countries is only a temporary solution.
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace