The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According to the International Labour Organization, the subsistence wage is the wage level required to ensure a decent standard of living for workers and their families, explained CITUB President Plamen Dimitrov.
The trade union proposes that calculations be made using a special consumer basket of 479 goods and services, excluding alcohol and cigarettes. According to the latest data, the subsistence gross wage is 1,874 BGN per month. For 2024, the country's minimum wage of 933 BGN is just under 50% of the subsistence wage.
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..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
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..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and..
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