A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day before the deadline for implementing the Directive on adequate minimum wages in the European Union.
The delay in implementing the new rules could lead to an infringement procedure against Bulgaria by Brussels. The ministry's proposals, framed as changes to the Labor Code, have been strongly opposed by the trade unions, unlike the employers who support them. The employers have challenged the current formula for determining the minimum wage in the country before the Supreme Administrative Court. To avoid the infringement procedure, the Ministry of Labor and Social Policy proposes that the changes come into effect as of October 15 this year.
Under the name BGBizHub, Bulgarian entrepreneurs in Berlin have joined forces to promote and develop their businesses in Germany. "Like any other business, not only in Berlin or in Bulgaria, we currently face several problems -..
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In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..
KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the..
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