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

MPs face seventh failed attempt to elect Parliamentary Speaker

In a record-long session lasting 18 days, Bulgarian MPs made a seventh failed attempt to elect a speaker of the National Assembly. After several breaks and a re-vote for the oldest MP, Silvi Kirilov from “There Is Such a People" (ITN), only a few..

published on 11/28/24 3:26 PM

Delyan Peevski says he can form a cabinet if given the opportunity

The leader of “МРФ – New Beginning” Delyan Peevski has expressed his readiness to take the post of prime minister. “When we are the first party, I will form a government,” he said on the sidelines of the National Assembly. “If the Bulgarians give..

published on 11/28/24 2:51 PM
Boyko Borissov

Boyko Borisov: There is no chance for GERB-SDS, PP-DB, BSP-United Left and ITN to form a cabinet

The chairman of GERB Boyko Borisov once again stated that the winning formula for forming a regular government is for it to be supported by GERB-SDS, “We Continue the Change – Democratic Bulgaria”, “BSP – United Left” and ITN. However, he clarified that..

published on 11/28/24 2:42 PM