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Bulgaria

Salaries in Sofia are comparable to those in other European cities, expert says

The standard of living in Sofia and some larger cities in Bulgaria is high. However, more attention should be paid to the regions of the country that are significantly lagging behind in terms of income, economist Georgi Vuldzhev

By: bnr.bg

  • Jul 22 2024
  • 9
  • 2846 Views
Salaries in Sofia are comparable to those in other European cities, expert says
Salaries in Sofia are comparab

The standard of living in Sofia and some larger cities in Bulgaria is high. However, more attention should be paid to the regions of the country that are significantly lagging behind in terms of income, economist Georgi Vuldzhev has told Radio "Focus". 

He recalled that the latest report of CITUB shows that 1,337.03 EUR is needed for a family of three, and 742.91 EUR for the monthly maintenance of one person. 62% of the population earns below this income. At the same time, the average salary in the capital Sofia, according to the latest data, is nearly 1,533.88 EUR and is comparable to salaries in a number of other European cities. "It's even higher than Athens, it's comparable to that of Budapest," Vuldzhev said. According to him, the big differences between the capital and regions could not be overcome "by simply raising the minimum wage for everyone."

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