No political decision on the draft amendments to the Labor Code prepared by Confederation of Independent Trade Unions in Bulgaria and the Bulgarian Industrial Capital Association has been taken yet. The draft provides for the introduction of the concept “forced closure” in cases where companies cease operation due to an order of a state body, and for the relevant compensations for workers and employers to be due, Bulgaria’s Minister of Labor and Social Policy Denitsa Sacheva said, BNR reporter Maria Kostova reported.
The proposal would cost the state hundreds of millions and should be considered, Minister Sacheva said further. Denitsa Sacheva pointed out that in principle she supported the need for firm anti-crisis legislation and added that “when comparing Bulgaria with Germany, for example, the main difference is that in Germany there is legislation that is immediately activated during a crisis”. In addition, Germany provides more funds for businesses, thanks to which the money reaches its destination quicker, Denitsa Sacheva went on to say.
In the first four months of the year, export of goods from Bulgaria to the European Union decreased by 4.2% compared to the same period last year and amounted to 8.6 million euros, BGNES reports, quoting data from the National..
An operation by the General Directorate Combating Organized Crime and the Supreme Cassation Prosecutor's Office has uncovered the largest illegal cigarette factory to date, Radio Stara Zagora of the Bulgarian National Radio has..
Albania is extremely committed to security and peace in the region, said the Speaker of the Albanian Parliament, Elisa Spiropali, who is on an official visit to Sofia. After a meeting with her Bulgarian counterpart Natalia Kiselova,..
The EU's Economic and Financial Affairs Council (ECOFIN) has allowed Bulgaria and 14 other EU countries to exceed their budget limits in order to boost..
Full EU membership is neither the end of the story nor a solution to all problems. Realism and accurate self-assessment must guide important decisions,..
The ministers of agriculture of Bulgaria, Hungary, Poland, Slovakia and Romania have signed a joint declaration concerning the agricultural aspects of..
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