Average Wage in Bulgaria Increased 4-fold in 2000-2015

Business » FINANCE | May 22, 2015, Friday // 20:34
Bulgaria: Average Wage in Bulgaria Increased 4-fold in 2000-2015 Bozhidar Danev, Chair of the Bulgarian Industrial Association (BIA), photo by BGNES

The average wage in Bulgaria increased four times from BGN 225 to BGN 800 over the past 15 years.

The energy sector boasts the highest average wage, at BGN 2260, which increased five times and a half in the period 2000-2015, according to reports of the Bulgarian National Radio.

According to employers in Bulgaria, the situation is paradoxical because the energy sector registers losses of at least BGN 700 M a year.

High wages are also paid in the spheres of real estate and finance.

At the bottom of the ranking are sectors such as the processing industry and agriculture.

There is a huge difference between the average income in Bulgaria’s capital and the other regions.

While in Sofia the average wage stands at BGN 1070, in Vidin, a city located in Bulgaria’s poorest northwestern region, it amounts to BGN 516.

Bozhidar Danev, Executive Director of the Bulgarian Industrial Association (BIA), argued that it was only normal to witness migration towards the capital.

“We keep creating the economic grounds for protests and clashes in society,” he suggested.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Bulgarian Industrial Association, BIA, Bozhidar Danev, average salary
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria