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Bulgaria should work for a more rapid increase in income. This is one of the conclusions of the Executive Board of the IMF.
Fund experts underline that incomes in Bulgaria are still half the EU average. They predict that the worsened demographic situation of our country can lead to serious risks to the entire fiscal system in the medium and long term.
According to them, in the long run, a slowdown in the economy, which has already exhausted its growth potential, is expected, says "24 hours".
The three factors - low income, slow growth in the economy, and unfavorable demographic trends can put pressure on the budget.
To mitigate these expected effects by the IMF, they recommend more investment in healthcare and education that could also improve the labor market situation.
Further efforts are needed in the area of justice and the fight against corruption, the Fund further recommends.
Bulgaria has also received recommendations about raising revenues from Brussels. Finance Minister Vladislav Goranov has already announced that he intends, by raising the minimum wage, to push up income.
Bulgaria has now reached the price levels of Western European countries, while its citizens continue to earn salaries that are significantly lower
The Confederation of Independent Trade Unions in Bulgaria (CITUB) has compiled and answered some of the most common questions it receives regarding the country’s upcoming adoption of the euro
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), told BGNES that Bulgaria has met the necessary criteria for joining the eurozone
Following recent wage-related protests in public transport and media sectors, museum and art gallery employees in Bulgaria are now preparing to take action
Wages across Europe show considerable variation, with substantial differences in both nominal salaries and cost of living. A useful indicator in assessing these disparities is the average adjusted full-time salary of employees
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to ‘BBB+’ with a stable outlook, marking the highest level in the medium investment-grade tier
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
The Bulgarian National Bank (BNB) is launching the minting of Bulgarian euro coins this week
Gold has always had an allure that goes far beyond its shine.
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe
