Podcast in English
Text size
Bulgarian National Radio © 2024 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

Vazrazhdane leader Kostadin Kostadinov

More than 800 teachers and principals oppose the changes to the pre-school and school education act

More  than 800 teachers, principals and school psychologists have signed a petition opposing the changes to the pre-school and school education act banning LGBT propaganda in schools. Vazrazhdane party will file a signal to the prosecutor's office..

published on 8/22/24 6:51 PM
Viktoria Vasileva

Five members of the former parliamentary group of ''Velichie'' form a new party called ''It Makes Sense''

Five members from the former parliamentary group of ''Velichie'' announced that they are forming a new party called "It Makes Sense". Viktoria Vasileva will be its chairperson. She was previously part of the Union of Democratic Forces (SDS), There is..

published on 8/22/24 5:23 PM
Atanas Zafirov

BSP advocates restoration of old legislation on caretaker governments

In the next National Assembly, the Bulgarian Socialist Party (BSP) will propose a change in the constitution and a return to the old rules, particularly in the part on how caretaker governments are chosen. Atanas Zafirov, the interim leader of the..

published on 8/22/24 3:49 PM