Minimum Wage Hike on the Horizon for Bulgaria in 2025
Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
The citizens of Hungary, Bulgaria, Italy, Greece and Spain suffered biggest financial loss amidst the coronavirus pandemic.
The nationals of Denmark, Sweden, the Netherlands, Finland and Austria suffered least damages, a survey of the European Parliament shows. 58% of the surveyed said they experienced financial difficulties during he pandemic.
30% of the EU citizens complain of loss of income, 23% complain of becoming unemployed and 14% said they were unable to cover loans and pay rents. 9% of the respondents said they could not buy food. Six out of ten respondents say the EU members showed enough solidarity during the pandemic.
Italians, Spaniards and Greeks are most dissatisfied with the role of the EU during the crisis, followed by citizens of Austria and Bulgaria./BNR
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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
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