Bulgarian National Assembly Unanimously Approves 30% Salary Increase for the Military
The Bulgarian National Assembly has unanimously voted in favor of a 30% salary increase for military personnel
According to data from the National Statistical Institute for the first quarter of the year, Bulgarians spend 75% of their income on food, household bills, taxes and insurance, transport and telecommunication, reported BNR.
The total income per capita for the quarter is BGN 1 282 (EUR 655), or 3.5% more than a year earlier.
Out of this income, 30.5% goes for food, 20.1% for household bills, 13.4% for taxes and insurance, and 11% for transportation and telecommunications.
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Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
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