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Bulgarian Industrial Association disagrees with EU-wide regulation on minimum wages

published on 10/29/20 12:10 PM

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The Bulgarian Industrial Association (BIA) is against а uniform regulation in the EU of the minimum wages and of collective bargaining. In a letter to Bulgaria's Prime Minister, BIA rejects the European Commission's proposal to adopt a framework directive on minimum wages.

BIA calls on the Prime Minister to defend the position that the EU must respect each country's national competence for determining salaries, which is enshrined in the Treaty on the Functioning of the EU.

According to BIA in the conditions of the Covid-19 crisis, such a regulation will destroy businesses and close jobs. The mechanisms for setting the minimum wage should not be politicized and used for social assistance, the letter reads.

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Radio Bulgaria Economy BIA Bulgarian Industrial Association European Commission minimum wage salaries

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The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..

published on 2/15/25 2:22 PM

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Bulgarian Industrial Association disagrees with EU-wide regulation on minimum wages

More from category

The turnover of retail chains dropped by almost 29% on the day of the boycott

The average salary in Sofia is EUR 1732, according to NSI

NSI: Annual inflation in Bulgaria at 3.7 per cent

The turnover of retail chains dropped by almost 29% on the day of the boycott