European Commission Reminds Bulgaria of 2038 Coal Phase-Out Deadline
Bulgaria has committed to phasing out coal by 2038, a reminder included in the European Commission's annual report on energy across the EU
According to data from the Institute for Social and Trade Union Research at the National Council of National Statistics, women in Bulgaria receive wages that are on average 12.6 % lower than men, but in several economic sectors, the differences are significantly more pronounced.
With over 40% of women aged 25 to 34 holding university degrees, compared to 28% of men.
However, while women are making strides in education, their representation in certain professional spheres remains unbalanced. Despite comprising only a quarter of the 49th National Assembly, women are breaking barriers in local politics, with 34 municipalities electing female mayors and 75 municipal councils led by women.
Yet, disparities persist in wage equality across industries. Women face a staggering 30% pay gap in fields like finance, insurance, and human health care, indicating systemic inequities. Paradoxically, in sectors such as construction, where women hold positions requiring advanced qualifications, they earn 16% more than their male counterparts.
The distribution of women in the workforce further highlights challenges. While women dominate sectors like trade, manufacturing, health, and education, they are overrepresented in lower-paying roles, particularly in hospitality and catering. Moreover, women's representation in managerial positions lags at 45%.
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Approximately 10% of individuals who previously qualified for home loans will no longer be eligible under new regulations set by the Bulgarian National Bank (BNB)
Recent changes to the Law on Payment Services and Payment Systems regarding the adoption of the euro have raised concerns among legal experts about potential contradictions with the already enacted Law on the Introduction of the Euro
In 2023, approximately 2,400 Bulgarians earned monthly incomes exceeding 50,000 leva (around 25,000 euros)
By the end of July 2024, Bulgarian banks reported a profit of 2.1 billion leva, marking an increase of 115 million leva compared to the same period in 2023
In Bulgaria, there has been a significant rise in the use of quick loans, a trend driven by several factors
The recent record high in gold prices has sparked discussions among financial analysts about its implications for the economy
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023