Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage. The executive director of the association, Dobrin Ivanov, told BNR that there are two types of reasons for the complaint. The procedural ones are that the government incorrectly calculated the increase from EUR 470 to EUR 543, without the hike being in accordance with international acts that Bulgaria has ratified. The association also claims that 2025 “will be special in terms of the labor market and incomes. The reasons for this are the state of the economy of Bulgaria, the EU and the world," Ivanov says.
On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..
Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
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