Labour Productivity on the Rise, but Will it Affect Incomes

Labour Productivity on the Rise, but Will it Affect Incomes

Bulgaria lags behind when wages are concerned, while productivity of Bulgarian labor in some sectors is even higher in comparison to countries with a better-developed economy. According to Eurostat data for labor productivity, Bulgaria is one of the top positions in the processing industry. Wages in the processing industry, however, are between 50 and 80 percent lower than those in other member states. Incomes are far ahead of productivity is the positions that employers defend, represented by Bozhidar Danev, Chairman of the Bulgarian Chamber of Commerce. "This year there were exceptional opportunities beneficial for Bulgarian economy, but we achieved moderate growth in gross domestic product," he says.

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