A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day before the deadline for implementing the Directive on adequate minimum wages in the European Union.
The delay in implementing the new rules could lead to an infringement procedure against Bulgaria by Brussels. The ministry's proposals, framed as changes to the Labor Code, have been strongly opposed by the trade unions, unlike the employers who support them. The employers have challenged the current formula for determining the minimum wage in the country before the Supreme Administrative Court. To avoid the infringement procedure, the Ministry of Labor and Social Policy proposes that the changes come into effect as of October 15 this year.
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
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