The two largest trade unions in Bulgaria, the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the Confederation of Labor "Podkrepa", objected the 2023 draft budget announced by the caretaker Minister of Finance. According to the draft budget, the minimum salary should remain unchanged at BGN 710 (EUR 363).
However, the trade unions insist that it should amount to 50% of the average salary and described the proposal as a sabotage of social dialogue. "Taking into consideration the current inflation which is nearing 19%, a minimum wage of EUR 363 is an insult to everyone who receives it," said Lyuboslav Kostov, Chief Economist at the CITUB. In his words, the net amount of the minimum salary is almost equal to the poverty line. The draft budget also envisages an annual average inflation rate of 6.4%. According to the draft budget, unemployment will stand at 4.6% and the gross domestic product will increase with 1.6%.
The Speaker of the National Assembly, Raya Nazaryan, would convene an extraordinary session if one-fifth of the MPs proposed specific topics and points of discussion. In Kyustendil, where she is a guest of the Fertility..
Bulgarians live in good health longer than most citizens of the European Union, according to Eurostat data. This country is more than 4 years ahead of the average levels in the EU at the backdrop of having the lowest life expectancy..
This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the..
Friday will be sunny and temperatures will rise during the day to reach 28-33°C, 29°C in the capital. Lows will be between 11 and 16°C, 11°C in Sofia...
For the first time in 38 years the population of Bulgaria has practically stopped its downward trend. In 2023 the decline is by a mere 0.3%, or just..
Bulgaria is growing more and more visible for businesses in the US, said Bulgaria’s President Rumen Radev at a briefing in New York after meeting with..
Clear
Partly Cloudy