As of 1 January, 2023, the minimum salary will be calculated on the basis of a formula, instead of being calculated administratively.
The Ministry of Labour and Social Policy presented, to businesses and TUs, three different options of the mechanism – that the minimum salary constitute 50% of the average salary for the country for the previous year; that it constitute 49-51% of the average salary; that it constitute 50% to 45%, depending on the economic growth. The proposals are in the spirit of the expected European directive on fair incomes. According to employers, the minimum salary should constitute 60% of the average salary for the country.
The minimum monthly salary is now EUR 363. With all three options it should reach no less than EUR 426, though that will mean it will still remain the lowest within the EU.
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by the American and British Chambers of Commerce in Bulgaria. Minister Petkova emphasised that Bulgaria..
Deputy Foreign Minister Elena Shekerletova received the credentials of the new Italian Ambassador in Sofia, Marcello Apicella, the Foreign Ministry said. During the talks, both sides expressed satisfaction with the long-standing friendly relations and..
Bulgaria’s Minister of Energy Zhecho Stankov and Vanya Ivancheva, Country Chair Shell Bulgaria, signed a contract for oil and gas exploration in Bulgaria’s exclusive economic zone in the Black Sea. The ceremony took place at the Council of Ministers..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
Eighth-grader Kaloyan Geshev from the 125th Secondary School Boyan Penev in Sofia won his 4th world title in mental calculation thanks to his..
Mostly Cloudy
Partly Cloudy
Partly cloudy, chance of rain