World Economy

Bulgaria Risks Higher Inflation

Bulgaria Risks Higher InflationBulgaria Risks Higher Inflation

Real wage growth in Bulgaria has been exceeding productivity growth, posing the risk of higher inflation, it has emerged from an annual report by the European Commission, IBNA reported. In the commission’s annual report, titled Labor Market and Wage Developments in Europe, it is pointed out that real wage growth exceeded productivity growth in the Baltic sStates, Slovakia and Bulgaria in the 2014-16 period. Bulgarian employers’ organizations have warned for years about the dangerous overruns in labor costs. For this imbalance, they blame the government, which has been constantly raising the statutory minimum salary.

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