What's the average wage in Bulgaria?
If you're looking to outsource to Bulgaria, you might be interested in the average salary in Bulgaria. The average salary in Bulgaria is 39,600 BGN (Bulgarian Lev) per annum. It equates to approximately USD 22,208, according to the exchange rate in April 2023.
Wages in Bulgaria averaged 690.14 BGN/Month from 1997 until 2023, reaching an all time high of 1953.00 BGN/Month in March of 2023 and a record low of 30.00 BGN/Month in January of 1997.
Family of four estimated monthly costs are 2,077.6$ (3,719.0лв) without rent. A single person estimated monthly costs are 593.3$ (1,062.1лв) without rent. Cost of living in Bulgaria is, on average, 44.4% lower than in United States. Rent in Bulgaria is, on average, 79.3% lower than in United States.
The average pay for a Factory Worker is BGN 12,579 a year and BGN 6 an hour in Bulgaria.
If you earn above 1000 BGN you are doing OK, above 2000 BGN is great and anything more means you pay rent for a nice apartment and afford pretty much anything.
Traditionally, the main industries for work in Bulgaria were metallurgy engineering, machine manufacturing, chemicals, and land and agriculture. However, in recent years this has shifted towards energy, tourism, transportation, IT, food, pharmaceuticals, and textiles. These sectors are where most jobs can be found.
Bulgaria also boasts a very low cost of living, especially compared to most European countries. However, wages in the country are generally low. Even so, Bulgaria is an overall cheap and affordable place to live.
U.S. citizens must be visiting for transit, tourism, or business to be eligible for visa-free travel to Bulgaria with ETIAS. They cannot stay for longer than 90 days per 180-day period without applying for a visa.
Americans traveling to Bulgaria don't need to apply for a visa if they're staying for fewer than 90 days. However, if you're planning to move, you'll need a residency permit and a Type D visa. To be considered for a residency permit, you need to apply for a Type D visa first.
Bulgaria is one of the cheapest countries to retire in, making it a perfect place to spend your retirement years without worrying about money. To retire in Bulgaria, you need to apply for a Bulgarian Pensioner D visa.
What are the average working hours in Bulgaria?
Standard Hours in Bulgaria
Working hours are usually from 9:00 AM to 6:00 PM, with up to 1 hour of an unpaid break for lunch. This will, however, vary depending on the business and company agreements. The average working week is 40 hours (8 hours a day - 5 days a week).
- Chief Executive Officer Top Management. ...
- IT Architect Information Technology. ...
- IT Director Top Management. ...
- Lead developer Information Technology. ...
- Economic/Financial Manager Top Management. ...
- Managing Director Top Management. ...
- IT Product Manager Information Technology.
For instance, the most paid jobs are in management (73,882 BGN), followed by the public sector (73,364 BGN). Now, let's explore the different aspects of employee salaries in Bulgaria.
Total. About $600 for a week in Bulgaria will afford a very enjoyable holiday, unless you opt for the pricey tours. Organize your own tours to save some money and to meet more locals.
According to the scarce official data released by the Ministry of Finance and mostly derived from taxation records, the middle class in Bulgaria is made up of around 250,000 people with a monthly salary between 2,000 lev (1,000 euros) to 6,000 lev (3,000 euros).
To work as an employed worker in Bulgaria, you must obtain: a single/work permit; a visa "type D"; and. a residence permit (not applicable in case of a single permit).
Skilled workers are now more needed in Bulgaria than engineers, doctors and IT specialists, according to data from an annual survey of ManpowerGroup Bulgaria. Skilled workers this year are most needed by employers, followed by engineers, drivers and workers in hotels and restaurants.
- Varna. If you're drawn to the Bulgarian coast, Varna is the first city to consider. ...
- Veliko Tarnovo. Sofia is the modern-day capital of Bulgaria. ...
- Plovdiv. There aren't many places where you can go to the opera or see a rock band in a Roman amphitheatre! ...
- Sofia. ...
- Burgas. ...
- Bansko. ...
- Haskovo. ...
- Dobrich.
A number of foreign languages are spoken in Bulgaria. Russian is the most commonly spoken foreign language in the country. 35% of the country's population claim to possess a workable knowledge of this language. English is the second most common foreign language in Bulgaria.
Reasons why in Bulgaria cheap property, a few: The consequences of the 2008 crisis and the sharp drop in demand, causing prices have fallen by 40%. Lower purchasing power of the population compared to an average level. The socialist heritage of the country.
How much is the rent in Bulgaria?
The rent for one-bedroom apartment in the center of a big city is on average 495 BGN and the price of a square meter is over 2100 BGN. Sending your child to a private kindergarten costs 552 BGN per month, and a private school - over 8100 BGN per year. The average salary is 1000.10 BGN!
Bulgarian law allows foreigners to own property in the country, but, however, there are some restrictions. A foreigner can buy a property in their own name, provided that the property doesn't come with the land it is built on. In most cases, apartments in Bulgaria are sold without land.
A U.S. state driver's license is only valid in Bulgaria when used in conjunction with an International Driving Permit. Such permits must be obtained in the United States prior to travel.
Foreign entrepreneurs who were able to make a minimum investment in Bulgaria can obtain permanent residence permits and, in time, acquire citizenship. There are several manners in which this option is possible and the key is the type of investment, in real estate or otherwise, the entrepreneur is willing to make.
Foreigners are permitted to purchase properties in Bulgaria under the national law, but there are several restrictions. All foreign individuals, whether natural or legal, are permitted to buy houses in Bulgaria under their own names.
According to the same source, the state with the largest number of Bulgarians is California, followed by Illinois, New York, Florida, Ohio, and Indiana. Texas, more specifically Houston, also has a growing population.
Dual citizenship (also known as dual nationality) is permitted in Bulgaria only for native-born citizens. This means that naturalized citizens are required to give up all other nationalities.
As a non-resident, can I open a bank account in Bulgaria? Yes, all you need is your passport and your address which will be used upon registration. You can open a bank account in Bulgaria as a non-resident quite easily.
For 2023 thе maximum monthly amount of the contributory income in Bulgaria remains at 3 400 BGN (= 1 738,39 €).
The agreement was signed at the beginning of 2007 and contains provisions about the avoidance of double taxation with respect to the income tax and prevention of fiscal evasion. The Bulgaria-USA double taxation agreement only applies to individuals residents of the contracting states.
What is the female employment rate in Bulgaria?
Bulgaria - Employment rate: Females was 71.80% in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - Employment rate: Females - last updated from the EUROSTAT on May of 2023.
As per Bulgarian legislation this minimum age is 16, pursuant to Art. 301, para. 1 LC. Exceptionally, labor capacity may occur before the age of 16.
Those would be from 10pm till 8 am and from 2pm till 4pm, though the latter can be circumvented with a special permit by the municipality (in case of construction works for example). During these time windows, you're not supposed to play loud music, use vacuum cleaners, have noisy parties etc.
Bulgaria is famous for its quality vegetables and dairy products and its variety of mild spices. Pork and chicken are the most common forms of meat, though seafood, fish and veal dishes are also popular and lamb has a special traditional place in Bulgarian cooking.
Bulgaria is a wonderful place to live for expats and digital nomads alike who don't want to live in a tourist-crowded atmosphere. If you are looking to immerse yourself in a new culture, Bulgaria is a wonderful place for you. The most popular cities among expats are Bansko, Sofia, and Varna.
Foreign citizens who want to move to Bulgaria must complete various formalities depending on their nationalities. Non-EU citizens, for example, must apply for short-term visas if they want to visit the country or for long-term residence permits if they want to stay longer.
The Bulgarian government does not issue open work permits to foreign nationals. Before obtaining a work permit, it's essential for workers to secure a job with a company based in Bulgaria. If your company is not incorporated in Bulgaria, you can meet this requirement by using another company as the Employer of Record.
Annual gross starting salaries of teachers (2020/2021)
Bulgaria had the lowest annual starting teacher salary among EU countries, at €7,731. The figure is also below €10,000 in several other EU countries such as Latvia, Slovakia, Hungary, Romania and Poland.
Bulgaria is a member of the United Nations and is one of the newest members of the European Union. It is a member of other major organizations, including the Organization for Security and Cooperation in Europe and NATO. The World Bank classifies Bulgaria as an upper-middle income nation.
The average salary range for a Waiter/Waitress is between BGN 9,255 and BGN 13,567. On average, a High School Degree is the highest level of education for a Waiter/Waitress. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Bulgaria.
Which country has the highest paycheck?
The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Afghanistan. In our comparison over 69 countries, the USA comes 7th with an average income of 70,930 USD. The average income is calculated by gross national income and population.
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Bulgaria - Coca-Cola - price, September 2022.
| Bulgaria - Coca-Cola - price, September 2022 | |
|---|---|
| BGN | 1.590 |
| USD | 0.895 |
| EUR | 0.798 |
Bulgaria has a three-pillar pension system: State Pension fund – the 1st pillar – mandatory, solidarity cost-covered model which provides life-long old-age pension, disability pension, and social pension. Supplementary mandatory universal funds – the 2nd pillar – are compulsory for all born after 01.01.
| Average cost of holiday goods in Bulgaria in 2019 | ||
|---|---|---|
| Coca cola can/bottle 0,5l | 0,45 EUR | 0,50 EUR |
| Vodka (Gin) 50ml (5cl) local brand | – | 0,50 EUR |
| Vodka (Gin) 50ml (5cl) import | – | 1,50 EUR |
| Vodka (Gin) bottle 0,75l local brand | 5,00 EUR | – |
Family of four estimated monthly costs are 2,094.9$ (3,715.5лв) without rent. A single person estimated monthly costs are 598.3$ (1,061.2лв) without rent. Cost of living in Bulgaria is, on average, 43.7% lower than in United States. Rent in Bulgaria is, on average, 78.6% lower than in United States.
In 2022, the average age in Bulgaria was 45.1 years, compared to the EU average of 44.4 years, according to the latest Eurostat data. Median age is highest in Italy (48 years) and lowest in Cyprus (38.3 years) . By comparison, the median age in Bulgaria was 42.7 in 2012 and 36 in 1989.
Poverty in Bulgaria is a common phenomenon. As of 2023 the poverty line is an income of €257 or less per month and around 1.5 million Bulgarian citizens (22% of the population) live below the poverty line. According to Eurostat, as of 2017 23.4% of the Bulgarian population lives at risk of poverty.
In Bulgaria, the average salary ranges from 840 BGN (USD 471) to 14,700 BGN (USD 8,244) per month. The upper and lower salaries range is the averages of the highest and lowest salaries.
The annual income of 1% of the richest Bulgarians was 163,613 euros, or over 13,293 euros per month.
Bulgaria has been a European Union (EU) member state since 2007 but remains the country with the lowest GDP per capita in the union. Yet with the right mix of reforms, the country could reach high-income status in less than two decades.
Is Bulgaria upper middle income?
Bulgaria is a member of the United Nations and is one of the newest members of the European Union. It is a member of other major organizations, including the Organization for Security and Cooperation in Europe and NATO. The World Bank classifies Bulgaria as an upper-middle income nation.
Seeing a doctor in Bulgaria
A visit to a private clinic will save you time and will come at a reasonable price between 20-30 Euro for the consultation. Doctors are highly trained and often speak English, but not a bad idea to ask before booking your appointment.
Bulgarian law allows foreigners to own property in the country, but, however, there are some restrictions. A foreigner can buy a property in their own name, provided that the property doesn't come with the land it is built on. In most cases, apartments in Bulgaria are sold without land.
Bulgaria is one of the cheapest countries to retire in, making it a perfect place to spend your retirement years without worrying about money. To retire in Bulgaria, you need to apply for a Bulgarian Pensioner D visa.
Data show there are 916 millionaires in the country at this time. Their aggregate wealth amounts to around 2 billion Leva (around 1 billion 22 million euro), Nova TV reports. The average monthly salary in Bulgaria is 1,247 Leva (638 euro).
In the "Catch-Up Index 2019", Bulgaria occupies 29th place with 36 points. The country performs best in the categories "Economy" - 28th place with 40 points and in "Governance" - also 28th place with 38 points. The worst performance is in the "Quality of Life" category, where this country ranks 30th with 29 points.
Low cost of living & Low rent costs. Excellent transport links around the country - and the rest of Europe. Lower income tax rate. The perfect mix of coastal towns and ski destinations.
Government and politics
According to article 1, "The People's Republic of Bulgaria is a socialist state, headed by the working people of the village and the city. The leading force in society and politics is the Bulgarian Communist Party."
Bulgaria - At Risk of Poverty rate was 22.90% in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Bulgaria - At Risk of Poverty rate - last updated from the EUROSTAT on May of 2023.
Poverty in Bulgaria is a common phenomenon. As of 2023 the poverty line is an income of €257 or less per month and around 1.5 million Bulgarian citizens (22% of the population) live below the poverty line. According to Eurostat, as of 2017 23.4% of the Bulgarian population lives at risk of poverty.
What is Bulgaria's main industry?
Bulgaria is a parliamentary republic. Its leading industries are: tourism, information technology and telecommunications, agriculture, pharmaceuticals, and textiles.
