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).

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Bulgaria's BACB to acquire 99.94% of Tokuda Bank

The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

EBRD 2023: EBRD, EU and ILX to co-operate to boost private-sector finance in Emerging Europe

The European Bank for Reconstruction and Development (EBRD), the European Union, and ILX Management, an emerging market asset manager, have joined forces to enhance private-sector finance in Emerging ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  4. Don't mention the "D" word - Ukraine
    4 days ago
  5. UBN: The US Needs to Wake Up
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. Saudi Arabia to scale back plans for Neom city
    14 days ago

Reports

Dismiss