Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Businesses: An increase in the minimum wage will increase unemployment

Photo: bia-bg.com

In the next draft budget, the caretaker government proposes that the minimum wage be BGN 710 (EUR 363). "At the moment we do not have a clear mechanism for determining the minimum wage. It is determined administratively and largely unclear," said Shteryo Nozharov, economic adviser at the Bulgarian Chamber of Commerce, in an interview with Bulgaria ON AIR. 

The chamber has prepared an analysis according to which an increase in the minimum wage increases unemployment. "Most sectors are placed in a highly competitive environment. If companies have to increase the minimum wage of their employees, it means either to burden them in some way with additional activities, or to cut people," he explained.



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

PM Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again

Bulgaria's Prime Minister Rosen Zhelyazkov has invited King Charles III to visit Bulgaria again , the Council of Ministers announced. The two spoke at the royal reception organized on the occasion of the Berlin Process summit in London , which..

published on 10/22/25 3:34 PM
Kostadin Kostadinov

Vazrazhdane party to propose law banning politicians sanctioned under the Magnitsky Act from holding high office

Legislative amendments banning individuals sanctioned under the global Magnitsky law from holding senior government or party positions will likely be submitted to Parliament as early as Thursday by the Vazrazhdane party, MP Petar Petrov told BNR...

published on 10/22/25 2:07 PM

The EP Liberals are set to investigate the arrest of the mayor of Varna

The Renew Europe political group in the European Parliament has established a working group to examine instances in which the Bulgarian government may have acted against the rule of law. The move comes in response to what the group describes as..

published on 10/22/25 1:37 PM