Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Businesses: An increase in the minimum wage will increase unemployment

Photo: bia-bg.com

In the next draft budget, the caretaker government proposes that the minimum wage be BGN 710 (EUR 363). "At the moment we do not have a clear mechanism for determining the minimum wage. It is determined administratively and largely unclear," said Shteryo Nozharov, economic adviser at the Bulgarian Chamber of Commerce, in an interview with Bulgaria ON AIR. 

The chamber has prepared an analysis according to which an increase in the minimum wage increases unemployment. "Most sectors are placed in a highly competitive environment. If companies have to increase the minimum wage of their employees, it means either to burden them in some way with additional activities, or to cut people," he explained.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny start, afternoon showers expected

The night will be mostly clear and calm, although scattered rain clouds may appear over south-western Bulgaria before midnight , bringing occasional showers. Overnight lows will range from 5°C to 10°C, around 5°C in Sofia.  Sunday will start mostly..

published on 5/10/25 7:05 PM

The BSP will not support the referendum on the euro either

The BSP - United Left announced that it will not support President Rumen Radev's proposal to hold a referendum on the introduction of the euro. In a joint statement, the united Left said that a referendum on joining the eurozone or setting specific..

published on 5/10/25 5:34 PM

Sofia hosts the 20th International Conference of the Bulgarian Association of Surgeons

The 20th International Conference of the Bulgarian Association of Surgeons, Gastroenterologists and Oncologists (BASGO) brought together leading specialists in surgical oncology and gastroenterology in Sofia.  The forum was also attended by..

published on 5/10/25 5:15 PM