Podcast in English
Text size
Bulgarian National Radio © 2024 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

Eurostat: Young Bulgarians leave their parental home at an average age of 30

The highest average age of young people in the EU leaving their parental home was recorded in Croatia (31.8 years), Slovakia (31 years), Spain (30.4 years), Bulgaria, and Italy (30 years in both countries). Finland (21.4 years), Sweden and Denmark..

published on 9/30/24 5:29 PM

334 dead, 7000 injured on the roads since January 2024

There have been 5 390 road accidents in Bulgaria since the beginning of the year until September 29, with 334 deaths and nearly 7 000 injuries. Last week alone, there were 151 serious accidents in Bulgaria, killing nine people and injuring 201...

published on 9/30/24 4:25 PM

Three gold and one silver medal for Bulgarian students at the Balkan Olympiad in Informatics

The Bulgarian team won three gold medals and one silver medal at the Balkan Olympiad in Informatics held in Ohrid.  The gold medallists were Daniel Koynov from the Nancho Popovich High School in Shumen, Boris Mihov from the Sofia High School of..

published on 9/30/24 2:36 PM