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

Trade Unions object the 2023 draft budget announced by the caretaker Minister of Finance

Photo: archive

The two largest trade unions in Bulgaria, the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the Confederation of Labor "Podkrepa", objected the 2023 draft budget announced by the caretaker Minister of Finance. According to the draft budget, the minimum salary should remain unchanged at BGN 710 (EUR 363). 

However, the trade unions insist that it should amount to 50% of the average salary and described the proposal as a sabotage of social dialogue. "Taking into consideration the current inflation which is nearing 19%, a minimum wage of EUR 363 is an insult to everyone who receives it," said Lyuboslav Kostov, Chief Economist at the CITUB. In his words, the net amount of the minimum salary is almost equal to the poverty line. The draft budget also envisages an annual average inflation rate of 6.4%. According to the draft budget, unemployment will stand at 4.6% and the gross domestic product will increase with 1.6%.




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

Bulgaria remains among the EU countries with the lowest debt

On October 21, the Ministry of Finance assumed domestic debt and sold government securities for 145 million euros with 3-year maturity. In 2025, the state assumed domestic debt of 1.45 billion euros. Debt of 7.2 billion euros was..

published on 10/22/25 9:19 AM

In the border regions of Kyustendil foreigners already want to pay in euros

Foreigners often want to pay in euros. The reason is that the goods already have a price in the European currency, the commercial establishments in Kyustendil say. Sellers have some difficulties explaining that this cannot be done..

published on 10/22/25 8:50 AM

Ancient villa beneath Sofia set for a new chapter

Today, architecture students from the University of Architecture, Civil Engineering and Geodesy in Sofia are presenting new proposals for integrating the remains of the Roman Villa Rustica into the city's modern urban environment. Their aim,..

published on 10/22/25 8:30 AM