Podcast in English
Text size
Bulgarian National Radio © 2024 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

The annual effect of Bulgaria's accession to Schengen by land will amount to BGN 1.63 billion

The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study by the Economic Research Institute at the Bulgarian Academy of Sciences. The greatest benefit..

published on 12/1/24 4:56 PM

The Ministry of Transport supports the idea of naming Sofia Airport after Vasil Levski

The Ministry of Transport and Communications supports the idea of naming Sofia Airport after Vasil Levski– the most undisputed figure in Bulgarian history. "I would like to thank the academic community, especially Academician Julian Revalski..

published on 12/1/24 12:53 PM

Deputy Minister Stratev: The samples taken from the infected animals near Velingrad are reliable

The results of the samples taken from the infected herds near Velingrad are 100% reliable and have been confirmed with a second test, Deputy Minister of Agriculture and Food Deyan Stratev said an interview with public service broadcaster BNT. In his..

published on 12/1/24 11:29 AM