Bulgaria's average salary up 3.7% y/y to EUR 405 in Q3

By bne IntelliNews November 8, 2013

Bulgaria's average monthly salary stood at BGN 792 (EUR 405) in the third quarter of 2013, up by 3.7% y/y, which is close to real growth, given the low inflation environment during this year, preliminary statistics office data showed. Compared to the previous quarter, nominal wages fell 0.9%.

Employees that create and disseminate information were received the highest wage in Q3 - their monthly salary grew 4.3% y/y to BGN 1,860. In comparison, hotels and restaurant workers were paid the lowest average salary of BGN 539, up by 6.1% y/y.

In Q3, wages of agricultural workers increased the most - up by 10% y/y to BGN 695. On the other hand, the biggest decline in workers' pay was registered in the culture, sport and entertainment sector - down by 8.1% y/y to BGN 633.

The statistics office also reported that the number of employed persons in Bulgaria decreased 0.9% y/y to 2.26mn at end-September. A quarter of all employed were working in the public sector (some 579,000 persons), while the rest were hired by entrepreneurs in the private sector (over 1.68mn). The majority of the people with a job were employed in the manufacturing industry (21.5% of all) and retail trade (17% of all).

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