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

Bulgarian Parliament adopts new mechanism for calculating country's minimum wage

Photo: Archive

The majority in the Bulgarian parliament has adopted at first reading that the minimum wage in Bulgaria should be no less than 50 percent of the gross average salary for the country for the period of twelve months preceding its determination. Currently, this would mean a minimum amount of BGN 850 (€425). 

The changes to the Labour Code proposed by the Bulgarian Socialist Party received the support of 175 MPs, with three abstaining. The final decision must be voted on within seven days. 

According to its proponents, the purpose of the draft law is to promptly tie the amount of the minimum wage to the reference values under the directive of the EP and the Council for minimum wages in the EU in the conditions of high inflation, low incomes and constantly rising costs of living. 

Some MPs warn that if the minimum wages are not raised now,  a much larger increase will be required later, which will make it difficult for employers.



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 new week starts with rain and snow

On Monday, the weather will continue cloudy in most parts of the country with rain, more significant in the southeastern regions. Light snow will fall in the Pre-Balkans. Precipitation will stop from the southwest and clouds will break. There will be..

published on 12/1/24 5:20 PM

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