Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Assen Vassilev: Minimum salary to rise to EUR 363 from April 1

Assen Vassilev
Photo: minfin.bg

In 2022, Bulgaria is expected to receive the first tranche under the Recovery and Resilience Plan to the tune of to EUR 1.6 billon , this country’s Deputy Premier and Minister of Finance Assen Vassilev said in an interview for the BNR. 

In his words, the negotiations with the European Commission under the plan are not easy, but Bulgaria expects to get an approval in the beginning of April. According to the 2022 draft state budget, the minimum monthly salary will increase to EUR 363 as of April 1. 

“I don’t have to apologize for telling the truth”, Assen Vassilev said. Earlier, Bulgarian employers demanded an excuse from Minister Vassilev for calling some of them incompetent. “Labor productivity in Bulgaria amounts to just under 50% of the EU average, while wages amount to 26% of the EU average. In other words, labor productivity significantly outpaces wages”, Minister Vassilev said.




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

Vladimir Malinov

Energy minister to visit US on new nuclear capacity

Caretaker Energy Minister Vladimir Malinov is leaving this week for a working visit to the US, the Ministry of Energy has announced.  The purpose of the visit is to hold consultations on the US-Bulgarian project for the construction of nuclear..

published on 5/20/24 2:12 PM
Yordanka Chobanova

Ministry of Finance: Bulgaria's EU membership has brought a net gain of more than €21.3 billion

Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance. In 2006, the interest rate on mortgage loans in the country was 8%, now..

published on 5/20/24 1:34 PM
Council of Ministers building

Negotiations on how to distribute the funding for universities continue

The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government press service has announced.   State universities announce protest readiness The..

published on 5/20/24 11:38 AM