Bulgaria's purchasing power stands at about 60% of the European average, as highlighted by Assoc. Prof. Grigor Sariyski from the Institute for Economic Research at the Bulgarian Academy of Sciences during an interview with Bulgarian National Radio. He noted significant disparities in economic indicators between Bulgaria and other EU countries, particularly Romania.
Sariyski pointed out that Romania, which had comparable purchasing power to Bulgaria in 2006-2007, now surpasses it significantly, with a purchasing power index one-seventh higher. He also compared the two nations' minimum wages, stating that while they were once nearly identical, Bulgaria’s current minimum wage is roughly one-third lower than that of Romania.
The economist further stressed that despite nearly two decades of EU membership, Bulgaria has made limited progress in converging with the income levels of other member states. He drew comparisons with non-EU countries, including Serbia and Montenegro, where wages are approximately 10% higher than in Bulgaria. This situation underscores the ongoing challenges Bulgaria faces in closing the economic gap with its neighbors and achieving greater parity within the European Union.
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 White House is preparing to convene the first leadership meeting of the newly created “Board of Peace” focused on Gaza, with the summit expected to take place around February 19, according to a US official and diplomats from four countries involved in
Cloud cover will increase across the country on Monday, February 9, marking the start of a colder and wetter day. Morning temperatures will range from 0 to 5 degrees, with around 2 degrees expected in Sofia.
Twenty-year-old Tervel Zamfirov delivered a moment of pure sporting drama for Bulgaria by winning a bronze medal at the Winter Olympic Games in Milano–Cortina, marking the country’s first Winter Olympics medal in two decades
Former caretaker justice minister Krum Zarkov has been elected as the new leader of the Bulgarian Socialist Party following a vote at the party’s 51st Congress, held in Sofia on Saturday.
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.
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
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