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: Stella Ivanova
Eurostat data reveal that Bulgarians are the least satisfied in the EU with their personal financial situation. While citizens in the Netherlands and Finland report the highest satisfaction levels, averaging 7.6 out of 10, Bulgarians, along with Greeks and Croatians, remain at the bottom. Overall, EU residents rate their financial situation at 6.6 points on average, slightly below the general life satisfaction score of 7.1. In Bulgaria, the average self-assessed satisfaction with income is just 4.6, compared to 5.3 in Greece, 5.7 in Croatia, and 5.8 in Slovakia. Sweden and Austria also report high financial satisfaction, at 7.4 and 7.3 points respectively.
Interestingly, the Eurostat statistics also highlight work patterns across the EU. Bulgarians are among the least likely to work long hours. In 2024, only 0.4% of employed Bulgarians aged 20-64 worked more than the standard 40-hour week, defined as 49 hours or more. This is far below the EU average and places Bulgaria at the bottom alongside Latvia (1%) and Lithuania (1.4%). The highest shares of long-hour workers are in Greece (12.4%), Cyprus (10%), and France (9.9%).
The data indicate a steady decrease in extended working hours across the EU over the past decade: from 9.8% in 2014 to 8.4% in 2019, down to 6.6% in 2024. While Bulgarians report low engagement in overtime work, they remain the most dissatisfied financially, suggesting that limited working hours do not necessarily translate into higher perceived income satisfaction. The contrast between financial discontent and minimal overtime highlights structural and economic factors that continue to challenge Bulgarian households.
The first month following the introduction of the euro and the period of dual circulation with the lev has now ended, providing a clearer picture of how the transition is unfolding.
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
Two-room dwellings make up the largest portion of newly built homes in Bulgaria, according to data for the fourth quarter of 2025.
The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Retail trade in Bulgaria continued its strong momentum at the end of 2025, standing out among European Union countries as one of the top performers, according to Eurostat data.
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