News

The gross domestic product, salaries and pensions in Gabrovo district continue to grow, and the poverty level remains relatively low. The share of the working-age population has been decreasing for another year. Business and investment activity in the district are high. Gabrovo remains among the leaders with the most absorbed European funds per capita. Despite the high density of the road network, the share of motorways and first-class roads is relatively small. The level of local taxes is around the national average. The self-assessments of the administrations for the development of e-government are high.

The gross domestic product per capita in Vratsa district continues to grow. The average annual gross salary of employees is the third highest in the country.

Vidin is among the districts with the weakest indicators in terms of income and standard of living. The educational structure of the workforce is improving, but unemployment remains extremely high.

The gross domestic product in Veliko Tarnovo district is growing faster than the national average relative to the population. The workforce is among the most highly educated, but the aging population is a challenge for the labor market. The costs of acquiring long-term tangible assets and foreign investments are increasing significantly. The share of motorways and first-class roads in the total road network is low. The average amount of local taxes in the municipalities of the district remains high. The assessment of the degree of transparency of local administrations is increasing.

Varna District remains among the leaders in terms of gross domestic product per capita. Salaries and incomes continue to grow.

The municipalities in the Plovdiv and Pazardzhik districts demonstrate rapid economic growth, driven mainly by the growth of services in the two district centers and industry in the small peripheral municipalities. Investments in the region are growing relatively quickly, but the labor market shows signs of slowing expansion and even shrinking in places, despite the high demand for personnel. A key medium-term advantage of the region is the good educational structure, especially in terms of the small share of people with very low education, as well as positive demographic trends and slower aging.

The material is a part of the IME study "Regional Profiles: Indicators of Development 2024".