The minimum wage will be set at BGN 1,077(EUR 545) from next year, caretaker Minister of Labor and Social Policy Ivaylo Ivanov told bTV. ''The Labour Code stipulates that the minimum wage is calculated as 50% of the average wage. The government is obliged to comply with this legislation'', said Minister Ivanov.
In his words, the minimum monthly salary is a tool through which the government influences income growth. Approximately 490,000 people are currently earning the minimum wage, Minister Ivanov emphasized. Regarding the dispute between trade unions and employers over the increase of the minimum wage, Minister Ivanov pointed out that it is much more important to implement the EU directive on minimum wage, and Bulgaria must fulfill this obligation by November 15. Currently, the minimum wage is BGN 933 (EUR 472).
"Currently, Bulgaria is one of the few in the EU that unconditionally meets all nominal criteria for convergence to the eurozone, including the price stability criterion, with which we have had problems in recent years." This was..
GERB leader Boyko Borissov denied that there was pressure from the leader of DPS-New Beginning, sanctioned under the global Magnitsky Act, Delyan Peevski, to be in power. He expressed confidence in the future of the cabinet due to..
On March 27, traffic on the Danube Bridge near Ruse on the border with Romania will be suspended because of the ongoing major repairs. The passage of passenger cars will be limited from 9:00 a.m. to 9:00 p.m., and that of heavy..
Workers in state psychiatric hospitals have gone on strike demanding higher salaries and better working conditions, including adequate workplace..
North Macedonia’s Minister of Health Arben Taravari and his Bulgarian counterpart Silvi Kirilov, together with the Foreign Ministers of Bulgaria and..
Bulgaria ranks third among EU countries in terms of minimum wage growth in the period 2015-2025. According to Eurostat, during this..
Clear
Mostly Cloudy
Partly Cloudy