Trade Unions: Salaries in Bulgaria Grow, But Very Slowly
Wednesday, 15 March 2017
A study of the European Trade Union Institute and the European Trade Union Confederation has found out that Bulgaria, Poland and Germany are the only countries in the EU where the average rate of actual wage rise during the period 2009-2016 was higher than that marked during 2001-2008.
Bulgarian union CITUB commented that major factors for the growth of wages in Bulgaria are structural changes in employment at the beginning of the crisis, competitive pressure on the European labor market in recent years and an unprecedented prolonged deflation.
The union, however, pointed out that ultimately the growth has been low, starting from a very low base level. For example in 2016 the average salary in Finland was 3,333 euros, while in Bulgaria it was just 523 euros or 7 times lower.