The minimum monthly salary is expected to increase. Currently, we are working on different scenarios for a higher minimum salary, Bulgaria’s caretaker Minister of Labor and Social Policy Galab Donev said for Nova TV.
Galab Donev said he supported the increase of incomes and the minimum monthly wages. The minimum salary will rise, but not to EUR 388 per month, as proposed by the biggest trade union in this country- the Confederation of Independent Trade Unions in Bulgaria. An increase from EUR 322 to EUR 388 would be too sharp, contends Minister Donev. Incomes have increased by an average of 14% this year, while inflation amounts to just over 2%. Pensions increased as well, reminded Minister Galab Donev. According to Minister Donev, the income growth has significantly outstripped inflation in 2021.
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Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared..
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