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.
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency,..
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