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

Assen Vassilev: No low wage ghettos in Bulgaria

Minister Vassilev
Photo: BGNES

BGN 933 (EUR 477.04) is the minimum wage in Bulgaria, said Minister of Finance Assen Vassilev at the meeting of the National Council for Tripartite Cooperation. According to him, Bulgaria is at the bottom of the Balkans in terms of the minimum wage, reports BNT.

In Montenegro, the minimum wage is 532 euro this year, in North Macedonia it is already 483 euro and in Serbia it is 547 euro, Vassilev said. "We have an obligation not to allow the formation of ghettos with low wages, low quality of work and abandoned regions. This happens in developed countries when there is a scissors effect," the minister said. He said the budget should lead to a permanent increase in pensions without changing tax rates. The projected deficit is 3% according to the Maastricht criteria for joining the eurozone. 

During the discussions, the tripartite partners did not reach an agreement on the budgets of the National Health Insurance Fund and the State Social Insurance Fund, BNR reporter Marta Mladenova said.

Unanimity was not reached on the state budget for 2024. Finance Minister Assen Vassilev said that the goal was to have the budget finally adopted by December 22, BNT reported.





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

Eurogroup President Paschal Donohoe

Eurogroup president encourages Bulgaria’s efforts towards adoption of euro

The Eurogroup encourages Bulgaria to adopt the euro, according to a letter by its President Paschal Donohoe to European Council President Antonio Costa.  The letter comes in connection with the upcoming meeting of the European leaders in Brussels on..

published on 3/14/25 8:51 AM
Photo: Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA)

Bulgaria, Turkiye and Romania meet at business forum in Burgas

A business forum entitled "Strengthening economic ties between Bulgaria, Turkiye and Romania" will be taking place today at the International Congress Center in Burgas .  The main goal of the event is to stimulate trade and economic relations..

published on 3/14/25 6:10 AM

Almost summer temperatures expected in Bulgaria on the last day of the working week

On Friday the weather in Bulgaria will be mostly sunny. There will be more significant cloudiness over Northwestern Bulgaria and there will be short-term rain in places in the afternoon. There will be a moderate wind, in the regions north of the..

published on 3/13/25 7:15 PM