Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Assen Vassilev: No low wage ghettos in Bulgaria

Minister Vassilev
Photo: BGNES

BGN 933 (EUR 477.04) is the minimum wage in Bulgaria, said Minister of Finance Assen Vassilev at the meeting of the National Council for Tripartite Cooperation. According to him, Bulgaria is at the bottom of the Balkans in terms of the minimum wage, reports BNT.

In Montenegro, the minimum wage is 532 euro this year, in North Macedonia it is already 483 euro and in Serbia it is 547 euro, Vassilev said. "We have an obligation not to allow the formation of ghettos with low wages, low quality of work and abandoned regions. This happens in developed countries when there is a scissors effect," the minister said. He said the budget should lead to a permanent increase in pensions without changing tax rates. The projected deficit is 3% according to the Maastricht criteria for joining the eurozone. 

During the discussions, the tripartite partners did not reach an agreement on the budgets of the National Health Insurance Fund and the State Social Insurance Fund, BNR reporter Marta Mladenova said.

Unanimity was not reached on the state budget for 2024. Finance Minister Assen Vassilev said that the goal was to have the budget finally adopted by December 22, BNT reported.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria marks World AIDS Day with various events in Sofia

On the occasion of World AIDS Day, observed on December 1, volunteers from the Bulgarian Red Cross Youth in Sofia will light tealights on the Lovers' Bridge to form a ribbon representing solidarity with the victims and carriers of the disease...

published on 12/1/24 11:04 AM

Weather forecast: Temperatures continue to drop

Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..

published on 11/30/24 6:15 PM

A Kilogram of Kindness collects food for people in need

The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..

published on 11/30/24 4:44 PM