Average Wage in Bulgaria Up 9% Q2 Y/Y

Business | August 9, 2010, Monday // 14:43|  views

Employment rate in Bulgaria went up 1.7% during the second quarter of 2010 compared to the first one. Photo by BGNES

The average wage in Bulgaria during the second quarter of 2010 is up nearly 9% year on year, according to data published by the National Statistics Institute (NSI) Monday.

Compared to the first quarter of 2010, salaries went up by 3.4% to reach BGN 640 a month on average.

The largest wage increase in June, compared to March 2010 is noted in the financial, insurance, construction and real estate sectors. As far as the second quarter, compared to the same period of 2009, salaries went up the most in information media, telecommunications and real estate. So far this year wages in State administration remain at the same level.

By the end of June, 2010, the highest monthly salaries were registered in the finance and insurance sector – BGN 1 418, followed by production and distribution of electric power – BGN 1 366. Salaries were the lowest in the hotel and restaurant industry – BGN 425, followed by the administration with BGN 428 a month.

The employment rate is also up during the second quarter of 2010 compared to the first one – by 1.7% or 38 000 people, but compared to last year it is down by 7.2%.

The employment increase is mostly attributed to seasonal workers.

In June 2010, compared to March most people have been hired in the industrial sector, automobile repairs and trade.

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Tags: employment, employment rate, unemployment, NSI, salary, wage, monthly wage, monthly salary, avarege wage, average salary


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