Minimum Monthly Wage To Be Increased to BGN 460 in 2017

Business » FINANCE | September 16, 2016, Friday // 14:32
Bulgaria: Minimum Monthly Wage To Be Increased to BGN 460 in 2017 BGNES

The three-year budget forecast envisages a gradual increase of the minimum monthly wage to BGN 460 during 2017 as well, stated Finance Minister Vladislav Goranov.

“A lot of indices have to be taken into account when calculating by how much the minimum monthly wage can be increased. At present, there is no mechanism for this approved by neither employers, nor syndicates. This is why the state is moving forward in an administrative manner, in accordance with the stipulations of the Labour Code, where the increase of the minimum monthly wage is concerned,” added Goranov.

“The minimum monthly wage is being raised at a reasonable pace,” explained Goranov.


We need your support so can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: minimum monthly wage, Goranov
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria