Bulgaria Is Still Among EU’s Cheapest Countries

Bulgaria remains among the lowest-priced countries in the European Union, but the gap with the EU average continues to narrow, according to comparative price level data covering 2021-2025, the Institute for Market Economics reports. The indicators, which benchmark countries against the EU-27 average set at 100, show a steady convergence process that accelerated after the pandemic and the inflation surge following the start of the war in Ukraine. While Bulgaria and Romania still sit at the bottom of the ranking, their distance from Western European price levels is shrinking. ...