Send to Kindle
Bulgarian Finance Minister, Simeon Djankov, dismisses any talks about increasing salaries and pensions in 2011. Photo by BGNES
There are no funds in budget 2011 to increase minimum wages and/or minimum retirement pensions, Bulgarian Finance Minister, Simeon Djankov, declared.
In the beginning of the week, the Minister of Social Policy and Labor, Totyu Mladenov, hinted minimum wages and pensions might go up beginning July 1, 2011 – a move interpreted by many as part of the ruling Citizens for European Development of Bulgaria (GERB) party election campaign since budget 2011, indeed, does not foresee increase of salaries and pensions. (Local and presidential elections are to be held in the fall of 2011.)
Also during the week, the labor union, Confederation of Bulgarian Independent Syndicates, KNSB, issued a proposal to increase minimum monthly wages by BGN 50 to reach BGN 290 a month, again starting on July 1, 2011.
The Finance Minister has firmly dismissed both proposals.
On another subject, Djankov announced cabinet's plans to connect electronically grain producers with the National Revenue Agency similarly to gas stations, in order to improve accounting of revenues. There are such plans for pharmacies and wine makers as well.
The Bulgarian government has approved the draft State Budget Act for 2026, along with the updated Medium-Term Budget Forecast for 2026–2028
Bulgaria’s ruling party does not plan to alter the proposed state budget for 2026, following a meeting between union leaders and GERB chairman Boyko Borissov
Bulgarians’ purchasing power has improved over the past decade, but it still lags significantly behind the European average
In 2026, salaries in Bulgaria’s Ministry of Interior and Ministry of Defense will see an automatic increase of 12%
The minimum wage in Bulgaria will rise to 620 euros, equivalent to 1,213 leva, starting January 1, 2026
Kostadin Angelov of the GERB was elected Deputy Chair of Bulgaria’s 51st National Assembly on Thursday
The official website dedicated to Bulgaria’s transition to the euro, evroto.bg, has published the full set of information materials used during the national awareness campaign
Economist Dimitar Sabev, from the Institute for Economic Research at the Bulgarian Academy of Sciences, has assessed the draft budget and broader economic situation in Bulgaria
As Bulgaria prepares to join the eurozone, many people who have been collecting coins from daily change may be wondering what to do with their small change
Economist Georgi Ganev has warned that Bulgaria’s forthcoming budget is likely to leave the country poorer than it could be, emphasizing that the process lacks genuine dialogue
From January 1, 2026, Bulgaria will officially become part of the eurozone, and the Bulgarian National Bank (BNB) will join the Eurosystem's joint production pool for euro banknotes
The Bulgarian government under Prime Minister Rosen Zhelyazkov says the country is fully prepared for the switch from the lev to the euro on 1 January 2026, having finalised key legislative and operational steps.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
