Due to recent increases in wages, several productions are relocating to more cost-effective destinations. Bulgaria is no longer seen as Europe’s low-wage hub, according to Georgi Parvanov, a member of the Management Board of the Bulgarian Employment Confederation. He highlighted that this shift has led to the closure of several manufacturing plants in places like Vratsa and Pleven, with more than 5,000 jobs expected to be lost by the start of the new year....
