The minimum monthly salary is expected to increase. Currently, we are working on different scenarios for a higher minimum salary, Bulgaria’s caretaker Minister of Labor and Social Policy Galab Donev said for Nova TV.
Galab Donev said he supported the increase of incomes and the minimum monthly wages. The minimum salary will rise, but not to EUR 388 per month, as proposed by the biggest trade union in this country- the Confederation of Independent Trade Unions in Bulgaria. An increase from EUR 322 to EUR 388 would be too sharp, contends Minister Donev. Incomes have increased by an average of 14% this year, while inflation amounts to just over 2%. Pensions increased as well, reminded Minister Galab Donev. According to Minister Donev, the income growth has significantly outstripped inflation in 2021.
Bulgaria and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..
In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. In construction, industry and services, no price..
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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