National Statistical Institute

According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member. This represents an impressive annual growth rate of 20.4%, marking a significant increase over the past decade, where incomes have more than doubled, growing by 2.3 times.

The National Statistical Institute's (NSI) latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022.

Bulgarian State Railways (BDZ) has declared a significant adjustment in train ticket prices, citing a sharp surge in the company's expenses over recent years. According to the press center of the national railway carrier, the price hike, averaging 20%, is scheduled to take effect from May 7.

In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%. This marks the lowest inflation rate observed in the country since July 2021, when it also stood at 3 percent.

Tensions flared among former coalition partners as they debated the impact of their governance on Bulgaria's demographic crisis. Kiril Petkov, co-chairman of We Continue the Change-Democratic Bulgaria, pointed to National Statistical Institute (NSI) data suggesting a correlation between governance and the birth rate.

According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%. While there was a boost in the indicator within the retail trade and service sector, there was a decline noted in the industry and construction sectors.

The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023. This expansion marks a slowdown compared to the 3.9% growth recorded in the previous year, according to aggregated quarterly data.

Economic sentiment in both the European Union and Bulgaria experienced some turbulence in February, reflecting ongoing uncertainties surrounding economic recovery and global challenges. According to the latest monthly survey by the European Commission, while consumer sentiment showed marginal improvement, economic attitudes unexpectedly deteriorated.

The travels of Bulgarian citizens abroad in January 2024 are higher compared to the same period last year. This is indicated by the data from the National Statistical Institute (NSI).

In a move that will affect millions of Bulgarian mobile users, major telecom operators A1, Vivacom, and Yettel have announced significant increases in their monthly subscription fees, starting March 1st. The decision comes amid growing concerns over the rising costs of telecommunications services and the impact on consumers' wallets.