Minister of Labor and Social Policy: Pensions Will Increase by at Least 6% Next Year
Pensions will increase by at least 6% from July 1, 2020.
The High Administrative Court today annulled the government’s decree that set minimum wage at BGN 460 for 2017, the Bulgarian Chamber of Commerce and Industry (BCCI) said.
The case had been initiated on complaint from four employer associations – Bulgarian Industrial Capital Association, Bulgarian Industrial Association, BCCI and Confederation of Employers and Industrialists in Bulgaria. They claimed that the decision was taken without a preliminary discussion with them as required by law.
Today BCCI said that given the importance of the minimum wage for both the employers and the workers, its establishment by the government with agreements only with trade unions is against the national and European rules and is not in the interest of the constructive partnership.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022