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.
In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review. The GDP growth is mainly due to the..
The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury. This day is almost always in the middle of May, economist Lachezar Bogdanov told BNR. According to..
47% of Bulgarians disagree with the statement that Bulgaria's entry into the euro area will boost the Bulgarian economy and raise their living standards. This is the result of a national survey conducted by the Market Links agency between 27 April and..
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