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EC report: Salary increase in Bulgaria beats productivity growth

EC report: Salary increase in Bulgaria beats productivity growth

Real wage growth in Bulgaria has been exceeding productivity growth, posing the risk of higher inflation, it has emerged from an annual report by the European Commission.

In the Commission’s annual report, titled Labour Market and Wage Developments in Europe, it is pointed out that real wage growth exceeded productivity growth in the Baltic States, Slovakia and Bulgaria in the 2014 – 16 period.

Bulgarian employers’ organisations have warned for years about the dangerous overruns in labour costs. For this imbalance, they blame the government, which has  been constantly raising the statutory minimum salary.../IBNA

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