Higher pay for teachers, army personnel and unemployed in 2018

Photo: BGNES

As is customary, the new year is a time for change in different spheres. As of today, the minimum monthly wage will go up to 510 Leva. Maternity benefits during the second year will go up to 380 Leva, as will disability allowances.

Pension contributions will go up by 1 percent – for people born before 1 January, 1960 they will be 19.8 percent, and for people born after that date - 14.8 percent. Unemployment benefits are also going up – from 7.20 to 9 Leva per day, with a ceiling of 74.20 Leva per day. Changes are also introduced in pensioning eligibility conditions – in 2018 the retirement age for women will be 61 years and 2 months, with an occupational record of 35 years and 6 months, for men – the retirement age will be 64 years and 1 month with an occupational record of 38 years and 6 months.  

Salaries of teachers in smaller schools and in schools in remote municipalities of the country will also go up. All teachers will have their transport expenses reimbursed and there will be additional financing for professional schools in spheres in which labour shortages are most severe.  

As of today, salaries of army servicemen are also going up, the increase being higher for military personnel on deployment. 100 million Leva from the national budget has been earmarked for salaries – 77 million of that sum will be for salaries, the rest – for social security contributions. This means the increase will constitute 10-11 percent, or around 70-80 Leva per month.

In the private sector, salaries are expected mark a 10 percent increase.

After the economic growth last year, this year will be a year in which household incomes will go up, analysts say.

“The rise in salaries will be highest for highly qualified experts in leading sectors of the economy,” says Olga Chugunska from the Chamber of Commerce and Industry. “In some sectors connected with automotive parts, optics, computers and IT.”

The economy will be able to afford such expenses and increase earnings because the growth forecasts are more optimistic, says Deputy Minister of Economy Aleksander Manolev:

“One third of all investments next year will be in enhancing the production capacity of plants, 20 percent – in technical renovation and innovations.” 

More from category

31 companies represent Bulgaria at 84th International Green Week in Berlin

The International Exhibition on Food, Agriculture and Gardening in Berlin which will be held between January 18 and 28 gathers exhibitors from 65 countries. Bulgaria will again take part at the 84th International Green Week with its own..

published on 1/18/19 4:15 PM
Снимки: БГНЕС

Low-income Bulgarians spend 44% of their money on food

On January 1 the salaries in Bulgaria’s budget sphere increased with 10%. According to latest data of the National Statistical Institute, quoted by Trud daily, only 11.3% of the Bulgarians receive over EUR 370 per month. The..

published on 1/16/19 1:09 PM
Стамен Янев

Bold investment expectations for 2019

Commenting on investment expectations for 2019, Stamen Yanev, Executive Director of the Bulgarian Investment Agency said, for the Bulgarian National Radio, that based on the results achieved in 2018, the forecasts of this government authority..

published on 1/8/19 1:37 PM