Financial and business news from Bulgaria

Trade in property and education with highest growth in wage costs

In the realm of property trading and education in the last quarter of 2019, there was the greatest growth in employers' salaries and insurance spending. This is what NSI figures circulated on Friday show. The increase was 19.6%, respectively, and 16.7% from a year earlier. Total for the entire economy, growth is 11.9% year-on-year.
The data show that wage costs are growing slightly less than the total costs — for salaries, insurance, benefits under the Labour Code and the Social Security Code. Wages only increased by 11.7% and total ones by 12.7%.

The mining industry saw the lowest wage growth index — at only 4% year-on-year. There is also a lower than average growth index in the field of scientific activities and financial and insurance activities.

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