Bulgaria Reports Lowest Hourly Labour Costs in EU for 2023: Eurostat
Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
In 2018, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2017. In the euro area the government deficit to GDP ratio fell from 0.9% in 2017 to 0.5% in 2018, and in the EU28 from 1.0% to 0.7%. In the euro area the government debt to GDP ratio declined from 87.8% at the end of 2017 to 85.9% at the end of 2018, and in the EU28 from 82.1% to 80.4%, Eurostat report showed.
In 2018, Luxembourg (+2.7%), Germany and Malta (both +1.9%), Bulgaria (+1.8%), the Netherlands (+1.5%), Czechia (+1.1%), Greece (+1.0%), Denmark, Slovenia and Sweden (all +0.8%), Lithuania (+0.6%), Croatia (+0.3%), Austria (+0.2%) and Ireland (+0.1%) registered a government surplus. Two Member States had deficits equal to or higher than 3% of GDP: Romania (-3.0%) and Cyprus (-4.4%). At the end of 2018, the lowest ratios of government debt to GDP were recorded in Estonia (8.4%), Luxembourg (21.0%), Bulgaria (22.3%), Czechia (32.6%), Lithuania (34.1%) and Denmark (34.2%). Fourteen Member States had government debt ratios higher than 60% of GDP, with the highest registered in Greece (181.2%), Italy (134.8%), Portugal (122.2%), Cyprus (100.6%), Belgium (100.0%), France (98.4%) and Spain (97.6%).
The full report can be seen HERE.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022